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 holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 45.5% during the 3rd quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Concentra Group Holdings Parent by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock valued at $66,645,000 after acquiring an additional 144,379 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Concentra Group Holdings Parent by 1.6% during the first quarter. Principal Financial Group Inc. now owns 2,668,512 shares of the company’s stock worth $57,238,000 after purchasing an additional 41,891 shares in the last quarter. Jennison Associates LLC increased its position in shares of Concentra Group Holdings Parent by 195.8% in the first quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock worth $46,596,000 after purchasing an additional 1,437,912 shares during the last quarter. HBK Investments L P increased its position in shares of Concentra Group Holdings Parent by 21.1% in the second quarter. HBK Investments L P now owns 1,044,614 shares of the company’s stock worth $31,077,000 after purchasing an additional 181,864 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Concentra Group Holdings Parent in the second quarter worth approximately $13,285,000.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $39.09 on Thursday. The company has a 50-day simple moving average of $35.60 and a two-hundred day simple moving average of $30.24. The company has a quick ratio of 1.38, a current 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 cap of $4.99 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.41 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The firm had revenue of $606.03 million for the quarter, compared to analysts’ expectations of $591.75 million. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.65 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 20th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Concentra Group Holdings Parent’s payout ratio is 16.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CON shares. JPMorgan Chase & Co. raised their target price on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Jefferies Financial Group assumed coverage on shares of Concentra Group Holdings Parent in a research note on Friday, October 16th. They issued a “buy” rating and a $47.00 price target for the company. William Blair started coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Truist Financial increased their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $41.29.

Insiders Place Their Bets

In related news, Director Robert Ortenzio sold 130,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 503,455 shares in the company, valued at $16,030,007.20. This represents a 20.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by corporate insiders.

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.