Tributary Capital Management LLC Buys Shares of 1,008,532 Concentra Group Holdings Parent, Inc. $CON

Tributary Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,008,532 shares of the company’s stock, valued at approximately $21,109,000. Tributary Capital Management LLC owned 0.79% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CON. State Street Corp grew its holdings in Concentra Group Holdings Parent by 1.3% during the second quarter. State Street Corp now owns 4,271,442 shares of the company’s stock valued at $87,864,000 after purchasing an additional 52,882 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Concentra Group Holdings Parent by 3.0% during the second quarter. JPMorgan Chase & Co. now owns 3,428,834 shares of the company’s stock worth $70,531,000 after purchasing an additional 99,989 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Concentra Group Holdings Parent by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,612,000 shares of the company’s stock valued at $53,736,000 after buying an additional 77,185 shares during the period. Millennium Management LLC increased its position in shares of Concentra Group Holdings Parent by 891.3% in the 1st quarter. Millennium Management LLC now owns 1,494,581 shares of the company’s stock valued at $32,432,000 after buying an additional 1,343,816 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Concentra Group Holdings Parent in the 2nd quarter valued at $30,740,000.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $19.53 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $24.17. The stock has a market capitalization of $2.50 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.10 and a beta of 0.72. The company has a 50 day moving average of $19.77 and a 200-day moving average of $20.66.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. The business had revenue of $489.64 million during the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. As a group, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd were issued a $0.0625 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $0.25 annualized dividend and a dividend yield of 1.3%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 20.83%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. JPMorgan Chase & Co. started coverage on Concentra Group Holdings Parent in a research report on Thursday, September 18th. They issued an “overweight” rating and a $31.00 price objective for the company. Finally, Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Four 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, Concentra Group Holdings Parent presently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

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.