Brant Point Investment Management LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 266,022 shares of the company’s stock, valued at approximately $5,235,000. Concentra Group Holdings Parent comprises approximately 0.6% of Brant Point Investment Management LLC’s holdings, making the stock its 23rd largest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its position in shares of Concentra Group Holdings Parent by 0.5% during the 4th quarter. State Street Corp now owns 4,446,551 shares of the company’s stock worth $87,508,000 after acquiring an additional 22,442 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Concentra Group Holdings Parent by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after acquiring an additional 445,449 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Concentra Group Holdings Parent by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,851,717 shares of the company’s stock worth $56,130,000 after acquiring an additional 19,122 shares in the last quarter. Woodline Partners LP increased its position in Concentra Group Holdings Parent by 142.7% during the third 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 during the period. Finally, Norges Bank acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth approximately $43,404,000.
Insider Buying and Selling at Concentra Group Holdings Parent
In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $25.00, for a total value of $3,250,000.00. Following the transaction, the director directly owned 763,455 shares in the company, valued at approximately $19,086,375. This trade represents a 14.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.10% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on CON
Concentra Group Holdings Parent Trading Up 3.3%
Shares of CON stock opened at $28.14 on Friday. The business’s 50 day moving average is $24.04 and its two-hundred day moving average is $22.41. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $28.21. The company has a market capitalization of $3.60 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.28 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.62.
Concentra Group Holdings Parent (NYSE:CON – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.The company had revenue of $569.56 million for the quarter, compared to the consensus estimate of $553.53 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.53 EPS for the current year.
Concentra Group Holdings Parent Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, May 19th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 17.99%.
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.
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