Concentra Group Holdings Parent, Inc. $CON Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,300,475 shares of the company’s stock after selling 210,449 shares during the period. Thrivent Financial for Lutherans’ holdings in Concentra Group Holdings Parent were worth $47,320,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised 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 valued at $25,000 after acquiring an additional 663 shares during the last quarter. MAI Capital Management raised its stake in shares of Concentra Group Holdings Parent by 48,400.0% during the second quarter. MAI Capital Management now owns 1,940 shares of the company’s stock worth $40,000 after purchasing an additional 1,936 shares during the last quarter. CWM LLC raised its stake in shares of Concentra Group Holdings Parent by 32.5% during the second quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after purchasing an additional 527 shares during the last quarter. Quarry LP acquired a new stake in shares of Concentra Group Holdings Parent during the first quarter worth $63,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in Concentra Group Holdings Parent in the 2nd quarter valued at $156,000.

Analysts Set New Price Targets

Several brokerages have issued reports on CON. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Wednesday, December 10th. Zacks Research downgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.75.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $19.89 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $24.17. The company has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $20.87. The company has a market capitalization of $2.55 billion, a PE ratio of 16.58, a P/E/G ratio of 2.26 and a beta of 0.70.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. The company had revenue of $489.64 million for the quarter. Equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 20.83%.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.