Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $27.75 Average PT from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.75.

CON has been the subject of several analyst reports. Zacks Research downgraded Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday. Finally, JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price target for the company.

Concentra Group Holdings Parent Stock Up 1.1%

Shares of NYSE:CON opened at $20.08 on Monday. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $24.17. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $2.57 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.39 and a beta of 0.70. The firm has a fifty day moving average price of $19.90 and a 200 day moving average price of $20.75.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. The company had revenue of $489.64 million for the quarter. Sell-side analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 20.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at about $35,124,000. Woodline Partners LP raised its stake in shares of Concentra Group Holdings Parent by 142.7% during 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 in the last quarter. Norges Bank acquired a new stake in shares of Concentra Group Holdings Parent in the 2nd quarter valued at approximately $30,740,000. Millennium Management LLC lifted its holdings in shares of Concentra Group Holdings Parent by 891.3% in the 1st quarter. Millennium Management LLC now owns 1,494,581 shares of the company’s stock valued at $32,432,000 after buying an additional 1,343,816 shares during the period. Finally, Tributary Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $21,109,000.

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.