Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $35.92 and last traded at $35.7440, with a volume of 67172 shares traded. The stock had previously closed at $34.95.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on CON shares. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a report on Monday, August 31st. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research report on Friday, June 5th. They issued a “buy” rating and a $30.00 price objective for the company. Weiss Ratings upgraded Concentra Group Holdings Parent from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 4th. Royal Bank Of Canada increased their target price on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their price target on Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $39.40.
Check Out Our Latest Report on Concentra Group Holdings Parent
Concentra Group Holdings Parent Stock Down 0.2%
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 for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The company 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%. Concentra Group Holdings Parent’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. Sell-side analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.65 earnings per share for the current fiscal year.
Concentra Group Holdings Parent Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 20th were given 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 was Thursday, August 20th. Concentra Group Holdings Parent’s payout ratio is 16.13%.
Insider Transactions at Concentra Group Holdings Parent
In other Concentra Group Holdings Parent news, Director Robert Ortenzio sold 130,000 shares of the company’s 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 directly 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 legal filing with the SEC, which is available 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.
Institutional Trading of Concentra Group Holdings Parent
A number of institutional investors have recently modified their holdings of CON. Sequoia Financial Advisors LLC purchased a new position in Concentra Group Holdings Parent in the second quarter valued at approximately $233,000. Integrated Wealth Concepts LLC acquired a new position in Concentra Group Holdings Parent during the second quarter valued at approximately $38,000. Allworth Financial LP grew its stake in Concentra Group Holdings Parent by 70.3% during the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock worth $30,000 after buying an additional 417 shares during the period. Nykredit A S purchased a new stake in Concentra Group Holdings Parent during the second quarter worth approximately $60,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Concentra Group Holdings Parent in the second quarter worth $232,000.
About Concentra Group Holdings Parent
Concentra Group Holdings Parent, Inc is a U.S. health care company that operates one of the country’s largest networks of occupational health centers. Through its Concentra brand, the company provides medical services to employers and employees, with an emphasis on workplace injury care, occupational medicine and convenient access to non-emergency treatment.
Its services include treatment for work-related injuries and illnesses, physical examinations, drug and alcohol screening, workers’ compensation care, vaccinations, health and wellness programs, and regulatory examinations such as Department of Transportation physicals.
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