Envestnet Asset Management Inc. Has $6.11 Million Stake in Concentra Group Holdings Parent, Inc. $CON

Envestnet Asset Management Inc. lifted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 64.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,787 shares of the company’s stock after purchasing an additional 114,546 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Concentra Group Holdings Parent worth $6,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Concentra Group Holdings Parent during the 2nd quarter worth $30,740,000. Tributary Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $21,109,000. Thrivent Financial for Lutherans grew its stake in shares of Concentra Group Holdings Parent by 41.1% in the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after acquiring an additional 945,303 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Concentra Group Holdings Parent by 48.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock worth $28,850,000 after acquiring an additional 434,503 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Concentra Group Holdings Parent by 38.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,276,640 shares of the company’s stock worth $26,260,000 after purchasing an additional 353,691 shares in the last quarter.

Concentra Group Holdings Parent Stock Down 0.5%

Shares of CON opened at $23.70 on Friday. The firm has a 50 day simple moving average of $21.39 and a two-hundred day simple moving average of $21.13. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20. Concentra Group Holdings Parent, Inc. has a one year low of $18.55 and a one year high of $24.68. The company has a market cap of $3.04 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.70 and a beta of 0.73.

Analyst Ratings Changes

A number of research analysts have issued reports on CON shares. Royal Bank Of Canada increased their target price on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Zacks Research upgraded Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.