Concentra Group Holdings Parent, Inc. (NYSE:CON) Stock Rated “Buy” by Sell-Side Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $39.40.

CON has been the topic of several research reports. Royal Bank Of Canada lifted their price target on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 31st. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Finally, William Blair assumed coverage on Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company.

Insider Buying and Selling

In other Concentra Group Holdings Parent 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 value of $4,139,200.00. Following the completion of the transaction, the director directly owned 503,455 shares in the company, valued at approximately $16,030,007.20. This trade represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC increased its holdings in Concentra Group Holdings Parent by 10.8% in the second quarter. Ancora Advisors LLC now owns 446,550 shares of the company’s stock valued at $13,285,000 after purchasing an additional 43,410 shares during the period. Fox Run Management L.L.C. acquired a new stake in Concentra Group Holdings Parent during the 4th quarter valued at approximately $1,089,000. HBK Investments L P raised its holdings in Concentra Group Holdings Parent by 21.1% during the 2nd 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. Norges Bank acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $43,404,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Concentra Group Holdings Parent in the 1st quarter valued at $1,135,000.

Concentra Group Holdings Parent Stock Down 0.1%

NYSE CON opened at $35.34 on Wednesday. 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 has a 1-year low of $18.55 and a 1-year high of $36.71. The company has a 50 day moving average of $33.98 and a 200-day moving average of $28.52. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.29 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $606.03 million during 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. On average, equities research analysts expect that Concentra Group Holdings Parent will post 1.65 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 20th. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.13%.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc is a U.S. health care company that operates one of the country’s largest networks of occupational health centers. Through its Concentra brand, the company provides medical services to employers and employees, with an emphasis on workplace injury care, occupational medicine and convenient access to non-emergency treatment.

Its services include treatment for work-related injuries and illnesses, physical examinations, drug and alcohol screening, workers’ compensation care, vaccinations, health and wellness programs, and regulatory examinations such as Department of Transportation physicals.