Concentra Group Holdings Parent (NYSE:CON) Sets New 12-Month High – What’s Next?

Concentra Group Holdings Parent, Inc. (NYSE:CON)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.26 and last traded at $24.13, with a volume of 133462 shares trading hands. The stock had previously closed at $23.86.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CON shares. 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. 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 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 research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Concentra Group Holdings Parent Price Performance

The firm has a market cap of $3.12 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10. The company has a 50 day moving average price of $20.72 and a 200 day moving average price of $20.92.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Large investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth about $248,000. State of Wyoming increased its stake in shares of Concentra Group Holdings Parent by 48.1% during the 4th quarter. State of Wyoming now owns 20,981 shares of the company’s stock worth $413,000 after purchasing an additional 6,812 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Concentra Group Holdings Parent by 29.6% during the 4th quarter. Natixis Advisors LLC now owns 78,501 shares of the company’s stock worth $1,545,000 after purchasing an additional 17,947 shares in the last quarter. AXQ Capital LP purchased a new stake in Concentra Group Holdings Parent in the 4th quarter valued at approximately $201,000. Finally, Norges Bank acquired a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $43,404,000.

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.