Concentra Group Holdings Parent (NYSE:CON) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Concentra Group Holdings Parent (NYSE:CON) from a strong sell rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday. Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a report on Thursday, September 18th. They issued an “overweight” rating and a $31.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.75.

Concentra Group Holdings Parent Stock Up 1.1%

NYSE:CON opened at $20.08 on Wednesday. The stock has a 50-day simple moving average of $19.90 and a 200 day simple moving average of $20.75. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $24.17. The company has a market cap of $2.57 billion, a PE ratio of 16.73, a PEG ratio of 2.39 and a beta of 0.70. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.20 and a current ratio of 1.20.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.The firm had revenue of $489.64 million during the quarter. On average, sell-side analysts expect that Concentra Group Holdings Parent will post 1.47 EPS 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. Stockholders of record on Tuesday, December 2nd were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 20.83%.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Concentra Group Holdings Parent by 80.6% during the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after buying an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 663 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 acquiring an additional 1,392 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Concentra Group Holdings Parent by 49.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after acquiring an additional 528 shares during the period. Finally, MAI Capital Management lifted its holdings in Concentra Group Holdings Parent by 48,400.0% during the 2nd quarter. MAI Capital Management now owns 1,940 shares of the company’s stock valued at $40,000 after purchasing an additional 1,936 shares during the last quarter.

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.