Concentra Group Holdings Parent (NYSE:CON) Now Covered by The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent (NYSE:CON) in a research note issued on Friday,Benzinga reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group’s target price points to a potential upside of 20.08% from the stock’s previous close.

A number of other research analysts also recently weighed in on CON. Truist Financial reaffirmed a “buy” rating and set 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 upped 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 raised Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Concentra Group Holdings Parent Stock Up 0.9%

CON stock opened at $24.98 on Friday. The stock’s 50 day simple moving average is $23.44 and its 200 day simple moving average is $22.13. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $26.66. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $3.20 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $553.53 million. During the same period in the prior year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts expect that Concentra Group Holdings Parent will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $25.00, for a total transaction of $3,250,000.00. Following the completion of the sale, the director directly owned 763,455 shares of the company’s stock, valued at approximately $19,086,375. The trade was a 14.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently modified their holdings of CON. EverSource Wealth Advisors LLC grew its holdings in shares of Concentra Group Holdings Parent by 124.6% in the second 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Concentra Group Holdings Parent by 2,784.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 1,392 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Concentra Group Holdings Parent by 49.1% in the third 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 in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $35,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Concentra Group Holdings Parent by 59.5% in the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock valued at $42,000 after acquiring an additional 761 shares in the last quarter.

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.