Concentra Group Holdings Parent (NYSE:CON) Upgraded at Zacks Research

Zacks Research upgraded shares of Concentra Group Holdings Parent (NYSE:CON) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

CON has been the topic of several other research reports. Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday. Finally, JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price objective for the company. Four 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, Concentra Group Holdings Parent has a consensus rating of “Moderate Buy” and an average target price of $27.75.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $20.08 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10. Concentra Group Holdings Parent has a twelve month low of $18.55 and a twelve month high of $24.17. The business has a 50-day moving average price of $19.90 and a 200-day moving average price of $20.75. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.39 and a beta of 0.70.

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

Concentra Group Holdings Parent Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in Concentra Group Holdings Parent by 1.3% during the second 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. boosted 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 purchasing an additional 445,449 shares during the period. Thrivent Financial for Lutherans boosted 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 purchasing an additional 945,303 shares during the period. Woodline Partners LP increased its position 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 valued at $57,484,000 after purchasing an additional 1,614,988 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Concentra Group Holdings Parent by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,612,000 shares of the company’s stock valued at $53,736,000 after buying an additional 77,185 shares during the period.

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.