Choreo LLC Invests $608,000 in Concentra Group Holdings Parent, Inc. $CON

Choreo LLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,440 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Concentra Group Holdings Parent by 1.3% in the 2nd quarter. State Street Corp now owns 4,271,442 shares of the company’s stock worth $87,864,000 after acquiring an additional 52,882 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Concentra Group Holdings Parent by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after acquiring an additional 445,449 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Concentra Group Holdings Parent by 41.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock worth $67,934,000 after acquiring an additional 945,303 shares during the last quarter. Woodline Partners LP lifted its holdings 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 during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Concentra Group Holdings Parent by 14.7% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,091,448 shares of the company’s stock worth $43,774,000 after buying an additional 267,670 shares during the period.

Concentra Group Holdings Parent Stock Up 2.3%

Shares of Concentra Group Holdings Parent stock opened at $22.85 on Friday. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.14 and a quick ratio of 1.14. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.55 and a 1 year high of $24.68. The firm’s 50-day moving average is $22.63 and its two-hundred day moving average is $21.17. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.14 and a beta of 0.82.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The company had revenue of $539.08 million for the quarter. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. 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 Thursday, March 19th. Shareholders of record on Thursday, March 12th were issued a dividend of $0.0625 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CON. Zacks Research upgraded Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Royal Bank Of Canada increased their price target on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Wells Fargo & Company upped 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 report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.