Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Consensus Rating of “Moderate Buy” by Analysts

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $30.25.

A number of equities analysts recently issued reports on the stock. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wells Fargo & Company raised their price objective on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Royal Bank Of Canada raised their price objective 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, Truist Financial reissued a “buy” rating and issued a $31.00 price objective (up from $29.00) on shares of Concentra Group Holdings Parent in a report on Monday, May 11th.

Insider Activity

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $25.00, for a total transaction of $3,250,000.00. Following the transaction, the director owned 893,455 shares of the company’s stock, valued at $22,336,375. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in Concentra Group Holdings Parent by 80.6% during the third 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 lifted its holdings in Concentra Group Holdings Parent by 124.6% during 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 in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Concentra Group Holdings Parent by 2,784.0% during 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 in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after purchasing an additional 528 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $35,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $25.36 on Thursday. The firm’s 50-day moving average price is $22.78 and its 200-day moving average price is $21.69. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62. The company has a market cap of $3.24 billion, a PE ratio of 18.24, a PEG ratio of 1.16 and a beta of 0.72. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $26.66.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $569.56 million for the quarter, compared to the consensus estimate of $553.53 million. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. As a group, analysts anticipate that Concentra Group Holdings Parent will post 1.53 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.0%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 17.99%.

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.