Concentra Group Holdings Parent (NYSE:CON – Free Report) had its price target increased by Truist Financial from $37.00 to $42.00 in a research report report published on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on CON. The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a report on Friday, June 5th. They issued a “buy” rating and a $30.00 target price on the stock. Royal Bank Of Canada upped their price objective on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a research note on Friday, August 7th. Finally, William Blair started coverage on Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.
View Our Latest Report on Concentra Group Holdings Parent
Concentra Group Holdings Parent Stock Performance
Concentra Group Holdings Parent (NYSE:CON – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%.The business had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Concentra Group Holdings Parent will post 1.6 earnings per share for the current fiscal year.
Concentra Group Holdings Parent Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 20th. Concentra Group Holdings Parent’s payout ratio is currently 16.13%.
Insider Activity
In other news, Director Robert A. Ortenzio sold 130,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $31.84, for a total value of $4,139,200.00. Following the completion of the sale, the director owned 503,455 shares in the company, valued at $16,030,007.20. This represents a 20.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 390,000 shares of company stock valued at $11,354,200. Corporate insiders own 8.10% of the company’s stock.
Institutional Investors Weigh In On Concentra Group Holdings Parent
Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in 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 valued at $537,000 after buying an additional 500 shares during the period. Public Employees Retirement System of Ohio raised its position 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 worth $42,000 after acquiring an additional 514 shares during the period. Gamco Investors INC. ET AL raised its position 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 period. EverSource Wealth Advisors LLC boosted 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 last quarter. Finally, ProShare Advisors LLC boosted its stake in Concentra Group Holdings Parent by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock valued at $448,000 after acquiring an additional 690 shares during the last quarter.
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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