Barrow Hanley Mewhinney & Strauss LLC Invests $35.12 Million in Concentra Group Holdings Parent, Inc. $CON

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,678,179 shares of the company’s stock, valued at approximately $35,124,000. Barrow Hanley Mewhinney & Strauss LLC owned about 1.31% of Concentra Group Holdings Parent at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of Concentra Group Holdings Parent by 41.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after purchasing an additional 945,303 shares during the last quarter. Granite Investment Partners LLC purchased a new position in Concentra Group Holdings Parent during the second quarter worth $3,855,000. Envestnet Asset Management Inc. boosted its stake in Concentra Group Holdings Parent by 64.6% during the third quarter. Envestnet Asset Management Inc. now owns 291,787 shares of the company’s stock worth $6,107,000 after buying an additional 114,546 shares during the period. Cramer Rosenthal Mcglynn LLC increased its position in Concentra Group Holdings Parent by 14.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,091,448 shares of the company’s stock valued at $43,774,000 after acquiring an additional 267,670 shares during the last quarter. Finally, HBK Investments L P raised its stake in shares of Concentra Group Holdings Parent by 14.4% in the second quarter. HBK Investments L P now owns 876,155 shares of the company’s stock valued at $18,023,000 after acquiring an additional 110,045 shares during the period.

Concentra Group Holdings Parent Stock Up 0.1%

Shares of NYSE:CON opened at $22.47 on Thursday. The business’s 50 day moving average is $22.29 and its 200 day moving average is $21.21. The stock has a market cap of $2.89 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $24.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.90.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $539.08 million during the quarter. Concentra Group Holdings Parent had a return on equity of 48.46% and a net margin of 7.69%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. Sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 12th will be issued a $0.0625 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent’s payout ratio is currently 19.23%.

Analysts Set New Price Targets

Several equities analysts recently commented on CON shares. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Royal Bank Of Canada boosted their target price on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Wells Fargo & Company increased their price target on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. 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 research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Concentra Group Holdings Parent Company 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.