Concentra Group Holdings Parent (NYSE:CON) Upgraded by Zacks Research to “Strong-Buy” Rating

Concentra Group Holdings Parent (NYSE:CONGet Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a research report on Friday, August 7th. Truist Financial increased their price target on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group initiated coverage on Concentra Group Holdings Parent in a report on Friday, June 5th. They issued a “buy” rating and a $30.00 price target for the company. Wells Fargo & Company boosted their price target on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, William Blair initiated coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $37.00.

View Our Latest Analysis on CON

Concentra Group Holdings Parent Trading Up 0.6%

NYSE:CON opened at $33.95 on Monday. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $35.90. The firm has a 50 day moving average of $32.41 and a 200 day moving average of $26.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.26 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CONGet Free Report) last released 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. The business had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. As a group, sell-side analysts anticipate that Concentra Group Holdings Parent will post 1.6 earnings per share for the current fiscal year.

Insider Transactions 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 dated Monday, August 3rd. The stock was sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the sale, the director owned 503,455 shares of the company’s stock, valued at approximately $16,030,007.20. The trade was a 20.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CON. California State Teachers Retirement System boosted its holdings in Concentra Group Holdings Parent by 2,688.0% in the second quarter. California State Teachers Retirement System now owns 3,890,586 shares of the company’s stock valued at $115,745,000 after purchasing an additional 3,751,040 shares during the last quarter. Norges Bank purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $43,404,000. Woodline Partners LP lifted its holdings in shares of Concentra Group Holdings Parent by 142.7% in the 3rd quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock valued at $57,484,000 after buying an additional 1,614,988 shares during the period. Jennison Associates LLC lifted its holdings in shares of Concentra Group Holdings Parent by 195.8% in the 1st quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock valued at $46,596,000 after buying an additional 1,437,912 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent in the second quarter worth about $13,285,000.

Concentra Group Holdings Parent Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Concentra Group Holdings Parent (NYSE:CON)

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