Virtu Financial LLC Takes Position in NeueHealth, Inc. (NYSE:NEUE)

Virtu Financial LLC acquired a new stake in shares of NeueHealth, Inc. (NYSE:NEUE) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 10,232 shares of the company’s stock, valued at approximately $76,000. Virtu Financial LLC owned 0.12% of NeueHealth as of its most recent filing with the SEC.

Analyst Ratings Changes

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

NeueHealth Price Performance

NYSE NEUE opened at $6.76 on Tuesday. The company’s 50 day simple moving average is $6.94 and its two-hundred day simple moving average is $6.08. The stock has a market capitalization of $56.01 million, a PE ratio of -0.13 and a beta of 0.56. NeueHealth, Inc. has a 1 year low of $3.79 and a 1 year high of $7.66.

NeueHealth (NYSE:NEUE) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($7.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.29) by ($5.12). NeueHealth had a negative net margin of 36.28% and a negative return on equity of 6.40%. The business had revenue of $232.64 million for the quarter, compared to the consensus estimate of $261.80 million. On average, research analysts anticipate that NeueHealth, Inc. will post -9.13 EPS for the current year.

Insider Buying and Selling

In other NeueHealth news, CEO George Lawrence Mikan III sold 12,440 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.13, for a total value of $76,257.20. Following the completion of the sale, the chief executive officer now owns 249,454 shares in the company, valued at approximately $1,529,153.02. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jay Matushak sold 4,970 shares of NeueHealth stock in a transaction 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. The trade was a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,033 shares of company stock worth $774,560. Insiders own 64.30% of the company’s stock.

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.