Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Consensus Rating of “Moderate Buy” from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.00.

A number of research analysts have recently commented on CON shares. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Finally, Royal Bank Of Canada boosted their target price on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd.

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of institutional investors have recently modified their holdings of CON. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $35,124,000. 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 buying an additional 1,614,988 shares during the period. Norges Bank bought a new position in shares of Concentra Group Holdings Parent during the 2nd quarter worth $30,740,000. Tributary Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $21,109,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Concentra Group Holdings Parent by 41.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after buying an additional 945,303 shares during the period.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $23.17 on Tuesday. The firm has a market capitalization of $2.97 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. Concentra Group Holdings Parent has a 12-month low of $18.55 and a 12-month high of $23.99. The firm has a 50-day moving average price of $20.65 and a 200-day moving average price of $20.89. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10.

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.