Granite Investment Partners LLC Sells 58,337 Shares of Concentra Group Holdings Parent, Inc. $CON

Granite Investment Partners LLC lessened its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 31.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,087 shares of the company’s stock after selling 58,337 shares during the quarter. Granite Investment Partners LLC owned approximately 0.10% of Concentra Group Holdings Parent worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Concentra Group Holdings Parent in the 2nd quarter worth $30,740,000. Tributary Capital Management LLC purchased a new stake in Concentra Group Holdings Parent in the third quarter worth about $21,109,000. Thrivent Financial for Lutherans increased its position in Concentra Group Holdings Parent by 41.1% in the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock worth $67,934,000 after buying an additional 945,303 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Concentra Group Holdings Parent by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after buying an additional 445,449 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Concentra Group Holdings Parent by 48.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after buying an additional 434,503 shares in the last quarter.

Wall Street Analyst Weigh In

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

Concentra Group Holdings Parent Trading Down 1.2%

CON opened at $23.39 on Tuesday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50 day moving average price is $21.46 and its 200-day moving average price is $21.16. Concentra Group Holdings Parent, Inc. has a one year low of $18.55 and a one year high of $24.68. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.70 and a beta of 0.72.

About Concentra Group Holdings Parent

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.