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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.00.

Several research firms have commented on CON. Truist Financial increased their price objective on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a research note on Friday, August 7th. William Blair initiated coverage on Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Wells Fargo & Company increased their price target on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price target on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 10th.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $34.30 on Friday. The company has a fifty day moving average price of $32.20 and a 200-day moving average price of $26.73. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.30 and a beta of 0.62. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.38 and a quick ratio of 1.38. Concentra Group Holdings Parent has a 1 year low of $18.55 and a 1 year high of $35.90.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly 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 company had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts predict that Concentra Group Holdings Parent will post 1.6 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 20th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.7%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.13%.

Insider Activity

In other news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the sale, 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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 390,000 shares of company stock worth $11,354,200. Company insiders own 8.10% of the company’s stock.

Institutional Trading of Concentra Group Holdings Parent

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

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.