Concentra Group Holdings Parent, Inc. $CON Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,336 shares of the company’s stock after selling 29,689 shares during the quarter. Legal & General Group Plc owned 0.23% of Concentra Group Holdings Parent worth $5,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CON. EverSource Wealth Advisors LLC grew its stake in Concentra Group Holdings Parent by 124.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after purchasing an additional 663 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Concentra Group Holdings Parent by 2,784.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 1,392 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Concentra Group Holdings Parent by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares in the last quarter. Osaic Holdings Inc. grew its stake in Concentra Group Holdings Parent by 59.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after purchasing an additional 761 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Concentra Group Holdings Parent by 66.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,652 shares of the company’s stock worth $55,000 after purchasing an additional 1,054 shares in the last quarter.

Insider Transactions at Concentra Group Holdings Parent

In other news, Director Robert A. Ortenzio sold 130,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $25.00, for a total value of $3,250,000.00. Following the completion of the sale, the director directly owned 763,455 shares of the company’s stock, valued at approximately $19,086,375. The trade was a 14.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.

Concentra Group Holdings Parent Stock Up 0.1%

Shares of NYSE CON opened at $25.35 on Monday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average of $23.50 and a two-hundred day moving average of $22.18. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.55 and a 1 year high of $26.66.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $553.53 million. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.Concentra Group Holdings Parent’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.53 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CON. Wells Fargo & Company boosted their target price on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Truist Financial reissued a “buy” rating and set a $31.00 target price (up from $29.00) on shares of Concentra Group Holdings Parent in a research note on Monday, May 11th. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research note on Friday. They set a “buy” rating and a $30.00 target price for the company. Finally, Weiss Ratings raised Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

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.