Janus Henderson Group PLC Has $9 Million Stock Position in Concentra Group Holdings Parent, Inc. $CON

Janus Henderson Group PLC raised its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 722.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,772 shares of the company’s stock after acquiring an additional 368,761 shares during the quarter. Janus Henderson Group PLC’s holdings in Concentra Group Holdings Parent were worth $9,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. State Street Corp raised its position in Concentra Group Holdings Parent by 0.5% in the 4th quarter. State Street Corp now owns 4,446,551 shares of the company’s stock worth $87,508,000 after purchasing an additional 22,442 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Concentra Group Holdings Parent by 4.9% during the first 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 period. Geode Capital Management LLC lifted its stake in shares of Concentra Group Holdings Parent by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,851,717 shares of the company’s stock valued at $56,130,000 after acquiring an additional 19,122 shares during the period. Woodline Partners LP boosted its holdings in Concentra Group Holdings Parent by 142.7% in the third quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock valued at $57,484,000 after acquiring an additional 1,614,988 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Concentra Group Holdings Parent by 1.6% in 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 during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CON shares. William Blair began coverage on shares of Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Weiss Ratings upgraded Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a research report on Friday, June 5th. They set a “buy” rating and a $30.00 target price for the company. Finally, Truist Financial lifted their price objective on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Insiders Place Their Bets

In other news, Director Robert A. Ortenzio sold 130,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 503,455 shares of the company’s stock, valued at $16,030,007.20. This trade represents a 20.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 520,000 shares of company stock worth $14,604,200. Corporate insiders own 8.10% of the company’s stock.

Concentra Group Holdings Parent Stock Down 1.5%

Shares of CON stock opened at $30.64 on Thursday. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.55 and a 12-month high of $32.86. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62. The firm has a fifty day moving average of $29.52 and a 200-day moving average of $25.29. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.42 and a beta of 0.62.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $569.55 million for 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%.The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. As a group, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.52 earnings per share for the current fiscal year.

About Concentra Group Holdings Parent

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.