Principal Financial Group Inc. Sells 25,538 Shares of Concentra Group Holdings Parent, Inc. $CON

Principal Financial Group Inc. lowered its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,779,395 shares of the company’s stock after selling 25,538 shares during the period. Principal Financial Group Inc. owned about 2.17% of Concentra Group Holdings Parent worth $58,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Concentra Group Holdings Parent by 7.6% during the 1st quarter. Royal Bank of Canada now owns 81,441 shares of the company’s stock worth $1,767,000 after acquiring an additional 5,754 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the 1st quarter valued at about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Concentra Group Holdings Parent by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company’s stock worth $1,422,000 after purchasing an additional 2,873 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Concentra Group Holdings Parent by 48.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after purchasing an additional 434,503 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Concentra Group Holdings Parent by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,526 shares of the company’s stock valued at $4,568,000 after purchasing an additional 19,846 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Royal Bank Of Canada lifted their price target on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Finally, Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.00.

Concentra Group Holdings Parent Stock Up 0.5%

Concentra Group Holdings Parent stock opened at $22.92 on Thursday. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.55 and a 1-year high of $23.99. The business has a fifty day moving average price of $20.49 and a 200-day moving average price of $20.81. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.64 and a beta of 0.73.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $572.80 million for the quarter, compared to analyst estimates of $563.08 million. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

About Concentra Group Holdings Parent

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.