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

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) shares were down 0.5% on Thursday . The company traded as low as $6.47 and last traded at $6.52. Approximately 12,641 shares changed hands during trading, an increase of 91% from the average daily volume of 6,626 shares. The stock had previously closed at $6.55.

NeueHealth Trading Up 1.4%

The business's 50 day moving average is $6.78 and its two-hundred day moving average is $6.74. The company has a market cap of $60.70 million, a PE ratio of -0.42 and a beta of 0.57.

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

Institutional Trading of NeueHealth

Hedge funds have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. purchased a new stake in NeueHealth in the 1st quarter worth $197,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in NeueHealth in the 2nd quarter worth $201,000. Finally, Northern Trust Corp lifted its stake in NeueHealth by 66.8% in the 4th quarter. Northern Trust Corp now owns 32,644 shares of the company's stock worth $242,000 after purchasing an additional 13,074 shares in the last quarter. Hedge funds and other institutional investors 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.