Concentra Group Holdings Parent, Inc. $CON Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 168.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,711 shares of the company’s stock after purchasing an additional 38,093 shares during the period. SG Americas Securities LLC’s holdings in Concentra Group Holdings Parent were worth $1,195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Central Pacific Bank Trust Division increased its stake in Concentra Group Holdings Parent by 14.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,594 shares of the company’s stock worth $268,000 after purchasing an additional 1,711 shares during the period. JPMorgan Chase & Co. increased its stake in Concentra Group Holdings Parent by 13.0% during the third quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after purchasing an additional 445,449 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Concentra Group Holdings Parent during the third quarter worth about $261,000. Caitong International Asset Management Co. Ltd increased its stake in Concentra Group Holdings Parent by 2,784.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 1,392 shares during the period. Finally, Woodline Partners LP increased its stake in Concentra Group Holdings Parent by 142.7% during the third quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock worth $57,484,000 after purchasing an additional 1,614,988 shares during the period.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $21.33 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.90. The company has a fifty day simple moving average of $22.66 and a 200-day simple moving average of $21.09. The stock has a market cap of $2.74 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.07 and a beta of 0.82. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.55 and a 12-month high of $24.68.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. Concentra Group Holdings Parent had a return on equity of 48.46% and a net margin of 7.69%.The firm had revenue of $539.08 million for the quarter. During the same period last year, the company earned $0.17 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th were paid a $0.0625 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.25 dividend on an annualized basis and a yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CON. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Royal Bank Of Canada boosted their price target on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wells Fargo & Company boosted their price target on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.