SG Americas Securities LLC Sells 27,377 Shares of Concentra Group Holdings Parent, Inc. $CON

SG Americas Securities LLC lowered its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 54.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,618 shares of the company’s stock after selling 27,377 shares during the quarter. SG Americas Securities LLC’s holdings in Concentra Group Holdings Parent were worth $473,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CON. Louisiana State Employees Retirement System increased its holdings in shares of Concentra Group Holdings Parent by 7.7% in the third quarter. Louisiana State Employees Retirement System now owns 54,800 shares of the company’s stock worth $1,147,000 after acquiring an additional 3,900 shares in the last quarter. Romano Brothers AND Company grew its position in shares of Concentra Group Holdings Parent by 10.4% in the 3rd quarter. Romano Brothers AND Company now owns 61,505 shares of the company’s stock valued at $1,287,000 after purchasing an additional 5,772 shares during the period. CWM LLC increased its stake in Concentra Group Holdings Parent by 117.5% during the 3rd quarter. CWM LLC now owns 4,671 shares of the company’s stock worth $98,000 after purchasing an additional 2,523 shares in the last quarter. Argent Capital Management LLC increased its stake in Concentra Group Holdings Parent by 5.8% during the 3rd quarter. Argent Capital Management LLC now owns 35,594 shares of the company’s stock worth $745,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $249,000.

Concentra Group Holdings Parent Stock Performance

CON opened at $21.56 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.55 and a 12-month high of $24.17. The business has a 50 day moving average of $20.14 and a 200-day moving average of $20.69. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.26 and a beta of 0.72.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $572.80 million for the quarter, compared to analyst estimates of $563.08 million. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.25 annualized dividend and a yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio is currently 20.83%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Concentra Group Holdings Parent 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.