Concentra Group Holdings Parent (NYSE:CON) Research Coverage Started at Stephens

Stephens assumed coverage on shares of Concentra Group Holdings Parent (NYSE:CON) in a research report released on Tuesday, Marketbeat.com reports. The firm issued an overweight rating and a $45.00 price target on the stock.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company raised their target price on shares of 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. Jefferies Financial Group assumed coverage on shares of Concentra Group Holdings Parent in a research report on Friday, October 16th. They issued a “buy” rating and a $47.00 price target for the company. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 31st. Royal Bank Of Canada lifted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $41.29.

Concentra Group Holdings Parent Price Performance

Shares of CON stock opened at $39.96 on Tuesday. Concentra Group Holdings Parent has a twelve month low of $18.55 and a twelve month high of $40.00. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.22. The stock has a fifty day simple moving average of $35.70 and a two-hundred day simple moving average of $30.37. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.42 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. On average, analysts predict that Concentra Group Holdings Parent will post 1.65 EPS 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. The ex-dividend date was Thursday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. Concentra Group Holdings Parent’s payout ratio is currently 16.13%.

Insider Activity at Concentra Group Holdings Parent

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 shares were 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 of the company’s stock, valued at approximately $16,030,007.20. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Concentra Group Holdings Parent by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock valued at $80,000 after acquiring an additional 343 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Concentra Group Holdings Parent by 70.3% during the 2nd quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Concentra Group Holdings Parent by 14.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,436 shares of the company’s stock worth $118,000 after purchasing an additional 421 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Concentra Group Holdings Parent by 1.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock worth $628,000 after purchasing an additional 536 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 2nd quarter worth $38,000.

About Concentra Group Holdings Parent

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.