Versor Investments LP Acquires New Position in Concentra Group Holdings Parent, Inc. $CON

Versor Investments LP bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,800 shares of the company’s stock, valued at approximately $519,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in shares of Concentra Group Holdings Parent by 80.6% in the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after acquiring an additional 531 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Concentra Group Holdings Parent by 124.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after acquiring an additional 663 shares in the last quarter. MAI Capital Management boosted its holdings in Concentra Group Holdings Parent by 48,400.0% in the second quarter. MAI Capital Management now owns 1,940 shares of the company’s stock valued at $40,000 after purchasing an additional 1,936 shares during the period. Osaic Holdings Inc. boosted its holdings in Concentra Group Holdings Parent by 59.5% in the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock valued at $42,000 after purchasing an additional 761 shares during the period. Finally, CWM LLC grew its stake in Concentra Group Holdings Parent by 32.5% during the 2nd quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after purchasing an additional 527 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on CON. Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Zacks Research raised shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Finally, Royal Bank Of Canada boosted their price target on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Concentra Group Holdings Parent Trading Up 1.2%

CON opened at $24.15 on Thursday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.20 and a current ratio of 1.20. Concentra Group Holdings Parent, Inc. has a one year low of $18.55 and a one year high of $24.49. The company has a market cap of $3.10 billion, a P/E ratio of 20.13, a PEG ratio of 1.71 and a beta of 0.73. The business’s 50-day simple moving average is $20.81 and its 200-day simple moving average is $20.94.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.