Jeffery Michael Craig Sells 2,486 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) insider Jeffery Michael Craig sold 2,486 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $7.33, for a total transaction of $18,222.38. Following the completion of the transaction, the insider now owns 7,558 shares in the company, valued at $55,400.14. The trade was a 24.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NeueHealth Stock Up 0.7 %

Shares of NEUE stock opened at $7.45 on Friday. NeueHealth, Inc. has a 12 month low of $3.79 and a 12 month high of $16.59. The firm has a market cap of $61.72 million, a PE ratio of -0.15 and a beta of 0.57. The stock has a 50 day moving average of $5.56 and a 200-day moving average of $5.40.

Hedge Funds Weigh In On NeueHealth

Several large investors have recently bought and sold shares of NEUE. Renaissance Technologies LLC acquired a new stake in NeueHealth in the 2nd quarter worth $312,000. NEA Management Company LLC acquired a new stake in NeueHealth during the second quarter worth about $14,834,000. Deer Management Co. LLC bought a new position in NeueHealth during the second quarter valued at about $5,436,000. Finally, Partners Group Holding AG acquired a new position in NeueHealth in the 3rd quarter valued at approximately $463,000. 63.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

About NeueHealth

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.