55,314 Shares in Concentra Group Holdings Parent, Inc. $CON Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, HoldingsChannel reports. The firm purchased 55,314 shares of the company’s stock, valued at approximately $1,089,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in Concentra Group Holdings Parent by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock worth $537,000 after buying an additional 500 shares during the period. Public Employees Retirement System of Ohio raised its stake in Concentra Group Holdings Parent by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after buying an additional 528 shares during the period. 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 worth $25,000 after buying an additional 663 shares during the period. ProShare Advisors LLC raised its stake in Concentra Group Holdings Parent by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock worth $448,000 after buying an additional 690 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Concentra Group Holdings Parent by 59.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after buying an additional 761 shares during the period.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research note on Friday, June 5th. They set a “buy” rating and a $30.00 price target on the stock. 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. Wells Fargo & Company increased their price objective 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, Truist Financial reissued a “buy” rating and issued a $31.00 price objective (up from $29.00) on shares of Concentra Group Holdings Parent in a research note on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock opened at $26.08 on Wednesday. The company has a market cap of $3.34 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.55 and a 52 week high of $26.66. The business has a 50 day moving average price of $23.68 and a 200-day moving average price of $22.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $569.56 million during 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 quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. Equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.53 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.25 annualized dividend and a dividend yield of 1.0%. Concentra Group Holdings Parent’s dividend payout ratio is 17.99%.

Insider Activity

In other news, Director Robert A. Ortenzio sold 130,000 shares of the company’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 value of $3,250,000.00. Following the completion of the transaction, the director directly owned 763,455 shares of the company’s stock, valued at $19,086,375. This represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is currently owned by corporate insiders.

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.