Jay Matushak Sells 4,970 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak sold 4,970 shares of NeueHealth stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.33, for a total transaction of $36,430.10. Following the completion of the transaction, the chief financial officer now directly owns 17,747 shares in the company, valued at approximately $130,085.51. This trade represents a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NeueHealth Trading Down 1.2 %

Shares of NeueHealth stock opened at $7.33 on Friday. NeueHealth, Inc. has a 1 year low of $3.79 and a 1 year high of $16.59. The company has a market cap of $60.73 million, a P/E ratio of -0.14 and a beta of 0.57. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.42.

Institutional Trading of NeueHealth

A number of hedge funds have recently made changes to their positions in NEUE. Renaissance Technologies LLC purchased a new stake in NeueHealth in the 2nd quarter worth approximately $312,000. NEA Management Company LLC acquired a new position in shares of NeueHealth in the second quarter worth $14,834,000. Deer Management Co. LLC purchased a new stake in shares of NeueHealth during the second quarter worth $5,436,000. Finally, Partners Group Holding AG purchased a new position in NeueHealth in the third quarter valued at about $463,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their target price on shares of NeueHealth from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th.

NeueHealth Company Profile

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.