Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Rating of “Moderate Buy” by Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $30.25.

Several research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Truist Financial reiterated a “buy” rating and issued a $31.00 price target (up from $29.00) on shares of Concentra Group Holdings Parent in a research note on Monday, May 11th. Wells Fargo & Company boosted their price target on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings upgraded Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th.

Insider Transactions at Concentra Group Holdings Parent

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $25.00, for a total transaction of $3,250,000.00. Following the sale, the director owned 893,455 shares in the company, valued at $22,336,375. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by insiders.

Institutional Trading of Concentra Group Holdings Parent

Several institutional investors and hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new stake in Concentra Group Holdings Parent during the first quarter valued at approximately $1,811,000. Argent Capital Management LLC raised its stake in Concentra Group Holdings Parent by 42.0% during the first quarter. Argent Capital Management LLC now owns 47,898 shares of the company’s stock valued at $1,027,000 after buying an additional 14,173 shares in the last quarter. Janus Henderson Group PLC raised its stake in Concentra Group Holdings Parent by 722.9% during the first quarter. Janus Henderson Group PLC now owns 419,772 shares of the company’s stock valued at $9,003,000 after buying an additional 368,761 shares in the last quarter. California State Teachers Retirement System raised its stake in Concentra Group Holdings Parent by 25.7% during the first quarter. California State Teachers Retirement System now owns 139,546 shares of the company’s stock valued at $2,993,000 after buying an additional 28,516 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Concentra Group Holdings Parent by 1.4% during the first quarter. Royal Bank of Canada now owns 213,965 shares of the company’s stock valued at $4,590,000 after buying an additional 3,058 shares in the last quarter.

Concentra Group Holdings Parent Trading Up 1.2%

NYSE:CON opened at $25.84 on Thursday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.26 and a current ratio of 1.26. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $26.66. The business’s 50-day simple moving average is $23.10 and its 200 day simple moving average is $21.90. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.16 and a beta of 0.72.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.The business had revenue of $569.56 million for the quarter, compared to analysts’ expectations of $553.53 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts predict that Concentra Group Holdings Parent will post 1.53 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.0625 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.25 annualized dividend and a yield of 1.0%. Concentra Group Holdings Parent’s dividend payout ratio is presently 17.99%.

Concentra Group Holdings Parent Company Profile

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.