State of Alaska Department of Revenue Sells 21,311 Shares of Concentra Group Holdings Parent, Inc. $CON

State of Alaska Department of Revenue lowered its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 45.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,498 shares of the company’s stock after selling 21,311 shares during the quarter. State of Alaska Department of Revenue’s holdings in Concentra Group Holdings Parent were worth $876,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Concentra Group Holdings Parent by 70.3% in the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock valued at $30,000 after acquiring an additional 417 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Concentra Group Holdings Parent during the second quarter valued at approximately $38,000. Nykredit A S purchased a new stake in shares of Concentra Group Holdings Parent during the second quarter valued at approximately $60,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Concentra Group Holdings Parent during the second quarter valued at approximately $64,000. Finally, Farther Finance Advisors LLC lifted its holdings in Concentra Group Holdings Parent by 17.4% during the third quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock worth $80,000 after acquiring an additional 343 shares during the period.

Concentra Group Holdings Parent Price Performance

CON stock opened at $39.09 on Thursday. The firm has a 50 day moving average of $35.60 and a 200-day moving average of $30.24. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.22. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.55 and a 12 month high of $39.60. The firm has a market capitalization of $4.99 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 1.41 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The company had revenue of $606.03 million during the quarter, compared to analysts’ expectations of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. Concentra Group Holdings Parent’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. As a group, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.65 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 20th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.13%.

Insider Activity at Concentra Group Holdings Parent

In other news, Director Robert Ortenzio sold 130,000 shares of the business’s stock in a transaction on 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. The trade was a 20.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Concentra Group Holdings Parent from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Stephens initiated coverage on Concentra Group Holdings Parent in a research report on Tuesday. They set an “overweight” rating and a $45.00 target price for the company. Truist Financial raised their target price on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group began coverage on Concentra Group Holdings Parent in a research note on Friday, October 16th. They set a “buy” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of “Buy” and an average target price of $41.29.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.