Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $30.20 Consensus Target Price from Analysts

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.20.

CON has been the subject of several analyst reports. The Goldman Sachs Group initiated 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. Truist Financial reaffirmed a “buy” rating and set a $31.00 target price (up from $29.00) on shares of Concentra Group Holdings Parent in a research report on Monday, May 11th. Wells Fargo & Company raised their target price on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report 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 report on Monday, May 11th.

Insider Buying and Selling at Concentra Group Holdings Parent

In other news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction dated 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 approximately $19,086,375. This trade represents a 14.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of 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 acquiring an additional 22,442 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Concentra Group Holdings Parent by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after acquiring an additional 445,449 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Concentra Group Holdings Parent by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock worth $66,645,000 after acquiring an additional 144,379 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Concentra Group Holdings Parent by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,851,717 shares of the company’s stock worth $56,130,000 after acquiring an additional 19,122 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of Concentra Group Holdings Parent by 142.7% in the 3rd quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock worth $57,484,000 after acquiring an additional 1,614,988 shares in the last quarter.

Concentra Group Holdings Parent Trading Down 0.1%

NYSE CON opened at $28.54 on Monday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82. 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 has a twelve month low of $18.55 and a twelve month high of $28.94. The business’s fifty day moving average is $24.76 and its 200 day moving average is $22.67.

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

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th were given 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 0.9%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 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.