Y Intercept Hong Kong Ltd Takes Position in Concentra Group Holdings Parent, Inc. $CON

Y Intercept Hong Kong Ltd bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 69,369 shares of the company’s stock, valued at approximately $1,427,000. Y Intercept Hong Kong Ltd owned 0.05% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CON. CWM LLC increased its holdings in shares of Concentra Group Holdings Parent by 32.5% in the second quarter. CWM LLC now owns 2,148 shares of the company’s stock valued at $44,000 after purchasing an additional 527 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Concentra Group Holdings Parent in the first quarter valued at approximately $53,000. Quarry LP acquired a new position in shares of Concentra Group Holdings Parent in the first quarter valued at approximately $63,000. Nisa Investment Advisors LLC increased its holdings in shares of Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company’s stock valued at $78,000 after purchasing an additional 577 shares during the period. Finally, Wealthquest Corp acquired a new position in shares of Concentra Group Holdings Parent in the first quarter valued at approximately $131,000.

Concentra Group Holdings Parent Stock Down 0.7%

Concentra Group Holdings Parent stock opened at $19.94 on Monday. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.90 and a 1-year high of $24.32. The company has a market cap of $2.56 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.05 and a beta of 0.74. The stock’s 50 day moving average price is $21.35 and its 200 day moving average price is $21.23.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The firm had revenue of $489.64 million for the quarter. On average, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 21st. Concentra Group Holdings Parent’s payout ratio is presently 21.01%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a report on Thursday, September 18th. They issued an “overweight” rating and a $31.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.75.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.