Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $27.75.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Tuesday, December 16th. Zacks Research cut shares of Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. started coverage on shares of Concentra Group Holdings Parent in a research report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price target for the company.

Concentra Group Holdings Parent Price Performance

CON opened at $19.42 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $2.49 billion, a P/E ratio of 16.18, a PEG ratio of 2.21 and a beta of 0.70. The stock has a 50-day moving average price of $19.93 and a 200-day moving average price of $20.81. Concentra Group Holdings Parent has a 12-month low of $18.55 and a 12-month high of $24.17.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $489.64 million during the quarter. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%. Equities analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $0.25 annualized dividend and a yield of 1.3%. Concentra Group Holdings Parent’s dividend payout ratio is currently 20.83%.

Institutional Trading of Concentra Group Holdings Parent

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Concentra Group Holdings Parent in the third quarter worth about $35,124,000. 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. Norges Bank purchased a new position in shares of Concentra Group Holdings Parent in the 2nd quarter valued at approximately $30,740,000. Millennium Management LLC boosted its position in shares of Concentra Group Holdings Parent by 891.3% during the first quarter. Millennium Management LLC now owns 1,494,581 shares of the company’s stock valued at $32,432,000 after purchasing an additional 1,343,816 shares in the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $21,109,000.

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.