NeueHealth (NYSE:NEUE) Shares Down 0.5% - Here's What Happened

Key Points

• NeueHealth's stock price fell 0.5%, trading last at $6.52 with a significant increase in volume to 12,641 shares, compared to an average of 6,626 shares.
• In its latest earnings report, NeueHealth posted a loss of ($1.68) per share, which beat estimates of ($4.77), but reported revenue of $209.08 million, falling short of the expected $249.50 million.
• Institutional investors hold 63.88% of NeueHealth's shares, with notable recent investments from Northern Trust Corp, PenderFund Capital Management Ltd., and Skandinaviska Enskilda Banken AB.

NeueHealth, Inc. (NYSE:NEUE - Get Free Report)'s stock price fell 0.5% during mid-day trading on Thursday . The company traded as low as $6.47 and last traded at $6.52. 12,641 shares traded hands during trading, an increase of 91% from the average session volume of 6,626 shares. The stock had previously closed at $6.55.

NeueHealth Trading Down 0.5%

The firm has a market cap of $58.84 million, a price-to-earnings ratio of -0.41 and a beta of 0.57. The stock has a 50-day moving average of $6.79 and a 200-day moving average of $6.76.

NeueHealth (NYSE:NEUE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($1.68) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($4.77) by $3.09. The company had revenue of $209.08 million for the quarter, compared to analyst estimates of $249.50 million. As a group, research analysts expect that NeueHealth, Inc. will post -9.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in NeueHealth by 66.8% during the 4th quarter. Northern Trust Corp now owns 32,644 shares of the company's stock worth $242,000 after acquiring an additional 13,074 shares during the period. PenderFund Capital Management Ltd. acquired a new position in NeueHealth during the 1st quarter worth $197,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in NeueHealth during the 2nd quarter worth $201,000. Institutional investors and hedge funds own 63.88% 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.

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