Maverick Capital Ltd. purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,560 shares of the company’s stock, valued at approximately $591,000.
Several other hedge funds and other institutional investors have also made changes to their positions in CON. Oregon Public Employees Retirement Fund increased its stake in shares of Concentra Group Holdings Parent by 1.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock worth $537,000 after buying an additional 500 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Concentra Group Holdings Parent by 32.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,118 shares of the company’s stock valued at $42,000 after acquiring an additional 514 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Concentra Group Holdings Parent by 1.9% in the first quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock worth $628,000 after acquiring an additional 536 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $25,000 after acquiring an additional 663 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Concentra Group Holdings Parent by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock worth $448,000 after acquiring an additional 690 shares in the last quarter.
Insiders Place Their Bets
In other news, Director Robert A. Ortenzio sold 130,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $30.50, for a total transaction of $3,965,000.00. Following the transaction, the director directly owned 633,455 shares in the company, valued at approximately $19,320,377.50. This trade represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 390,000 shares of company stock valued at $10,465,000 in the last three months. 8.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Concentra Group Holdings Parent
Concentra Group Holdings Parent Stock Performance
Shares of Concentra Group Holdings Parent stock opened at $32.72 on Wednesday. The firm has a market capitalization of $4.19 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.45 and a beta of 0.64. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.55 and a 52 week high of $32.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62. The firm’s 50 day moving average is $28.81 and its two-hundred day moving average is $24.83.
Concentra Group Holdings Parent (NYSE:CON – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The business had revenue of $569.55 million during the quarter, compared to the consensus estimate of $553.53 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.52 EPS for the current fiscal year.
Concentra Group Holdings Parent Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.25 annualized dividend and a yield of 0.8%. Concentra Group Holdings Parent’s payout ratio is 17.99%.
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.
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