Ghisallo Capital Management LLC Cuts Position in Concentra Group Holdings Parent, Inc. $CON

Ghisallo Capital Management LLC lessened its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 50,000 shares during the quarter. Ghisallo Capital Management LLC owned 0.08% of Concentra Group Holdings Parent worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of Concentra Group Holdings Parent by 41.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after purchasing an additional 945,303 shares during the last quarter. Granite Investment Partners LLC bought a new stake in Concentra Group Holdings Parent in the 2nd quarter worth approximately $3,855,000. Envestnet Asset Management Inc. boosted its stake in Concentra Group Holdings Parent by 64.6% in the third quarter. Envestnet Asset Management Inc. now owns 291,787 shares of the company’s stock worth $6,107,000 after buying an additional 114,546 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in Concentra Group Holdings Parent by 14.7% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,091,448 shares of the company’s stock worth $43,774,000 after buying an additional 267,670 shares in the last quarter. Finally, HBK Investments L P grew its position in Concentra Group Holdings Parent by 14.4% during the second quarter. HBK Investments L P now owns 876,155 shares of the company’s stock valued at $18,023,000 after acquiring an additional 110,045 shares during the last quarter.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $22.35 on Friday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.13 and a beta of 0.60. The stock has a fifty day moving average of $22.40 and a 200 day moving average of $21.20. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.55 and a 52 week high of $24.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.90.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The business had revenue of $539.08 million for the quarter. During the same period in the previous year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

Several research firms have commented on CON. Zacks Research raised shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Royal Bank Of Canada lifted their target price on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Wells Fargo & Company upped their price target on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of “Moderate Buy” and an average price target of $30.00.

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.