Concentra Group Holdings Parent (NYSE:CON) Posts Quarterly Earnings Results

Concentra Group Holdings Parent (NYSE:CON) released its quarterly earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $539.08 million for the quarter. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.

Concentra Group Holdings Parent Price Performance

CON stock traded up $0.30 during trading on Thursday, reaching $23.69. 1,005,028 shares of the company were exchanged, compared to its average volume of 1,037,772. 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 $21.61 and its 200 day moving average price is $21.18. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $24.68. The company has a market cap of $3.04 billion, a P/E ratio of 19.74, a PEG ratio of 1.68 and a beta of 0.73.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently modified their holdings of CON. Versant Capital Management Inc increased its stake in Concentra Group Holdings Parent by 80.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock valued at $25,000 after purchasing an additional 531 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 663 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Concentra Group Holdings Parent by 2,784.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 1,392 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Concentra Group Holdings Parent by 49.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after buying an additional 528 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth $35,000.

Analyst Ratings Changes

A number of brokerages have commented on CON. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Royal Bank Of Canada increased 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. Finally, Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.