Zacks Research Upgrades Concentra Group Holdings Parent (NYSE:CON) to Strong-Buy

Concentra Group Holdings Parent (NYSE:CON) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

CON has been the topic of a number of other reports. Wells Fargo & Company raised their target price on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their price target on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Truist Financial increased their price target on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a report on Friday, June 5th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, William Blair assumed coverage on Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.

Concentra Group Holdings Parent Stock Up 0.6%

CON stock opened at $33.95 on Monday. The firm has a market cap of $4.33 billion, a PE ratio of 21.90, a P/E/G ratio of 1.26 and a beta of 0.63. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s fifty day moving average is $32.41 and its 200 day moving average is $26.90. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $35.90.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $606.03 million during the quarter, compared to the consensus estimate of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, research analysts forecast that Concentra Group Holdings Parent will post 1.6 EPS for the current year.

Insider Activity at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the transaction, the director owned 503,455 shares in the company, valued at $16,030,007.20. This represents a 20.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently bought and sold shares of CON. Oregon Public Employees Retirement Fund increased 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 in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Concentra Group Holdings Parent by 32.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,118 shares of the company’s stock valued at $42,000 after acquiring an additional 514 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Concentra Group Holdings Parent by 1.9% in the first quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock valued at $628,000 after acquiring an additional 536 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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. Finally, ProShare Advisors LLC boosted its stake in shares of Concentra Group Holdings Parent by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock worth $448,000 after acquiring an additional 690 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.