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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.00.

A number of equities research analysts have commented on CON shares. Wells Fargo & Company raised their price target on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research report on Friday, June 5th. They set a “buy” rating and a $30.00 price objective on the stock. Royal Bank Of Canada raised their target price on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. William Blair initiated coverage on Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They issued an “outperform” rating for the company. Finally, Truist Financial upped their price target on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, August 10th.

Insider Buying and Selling at Concentra Group Holdings Parent

In other news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the transaction, the director directly owned 503,455 shares in the company, valued at $16,030,007.20. This trade represents a 20.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 390,000 shares of company stock valued at $11,354,200 over the last 90 days. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Concentra Group Holdings Parent by 0.5% during the 4th quarter. State Street Corp now owns 4,446,551 shares of the company’s stock valued at $87,508,000 after purchasing an additional 22,442 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Concentra Group Holdings Parent by 2,688.0% in the second quarter. California State Teachers Retirement System now owns 3,890,586 shares of the company’s stock worth $115,745,000 after purchasing an additional 3,751,040 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Concentra Group Holdings Parent by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock valued at $66,645,000 after purchasing an additional 144,379 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Concentra Group Holdings Parent by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,851,717 shares of the company’s stock valued at $56,130,000 after purchasing an additional 19,122 shares in the last quarter. Finally, Woodline Partners LP boosted its position in shares of Concentra Group Holdings Parent by 142.7% during the third quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock valued at $57,484,000 after buying an additional 1,614,988 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $34.30 on Friday. The firm has a market cap of $4.37 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. The firm’s fifty day moving average is $32.20 and its 200-day moving average is $26.73. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.38 and a current ratio of 1.38. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $35.90.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The business had revenue of $606.03 million during the quarter, compared to the consensus estimate of $591.75 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Sell-side analysts predict that Concentra Group Holdings Parent will post 1.6 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 20th were issued a dividend of $0.0625 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.7%. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.13%.

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.