Phocas Financial Corp. Buys 32,246 Shares of Concentra Group Holdings Parent, Inc. $CON

Phocas Financial Corp. increased its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,328 shares of the company’s stock after purchasing an additional 32,246 shares during the period. Phocas Financial Corp. owned approximately 0.15% of Concentra Group Holdings Parent worth $3,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in Concentra Group Holdings Parent by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after buying an additional 528 shares during the period. Versant Capital Management Inc grew its stake in Concentra Group Holdings Parent by 80.6% in the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock valued at $25,000 after acquiring an additional 531 shares during the period. EverSource Wealth Advisors LLC grew its stake in Concentra Group Holdings Parent by 124.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after acquiring an additional 663 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Concentra Group Holdings Parent by 59.5% in the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after acquiring an additional 761 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Concentra Group Holdings Parent by 2.4% in the third quarter. Victory Capital Management Inc. now owns 42,295 shares of the company’s stock worth $885,000 after acquiring an additional 979 shares in the last quarter.

Analyst Ratings Changes

CON has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th. 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 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 lifted their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Concentra Group Holdings Parent Trading Up 0.1%

NYSE CON opened at $20.92 on Monday. 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 debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $21.08. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.07 and a beta of 0.82.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share 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 during the quarter. During the same period in the prior year, the business earned $0.17 earnings per share. Concentra Group Holdings Parent’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.25 annualized dividend and a yield of 1.2%. Concentra Group Holdings Parent’s payout ratio is 19.23%.

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.