Public Sector Pension Investment Board Raises Stock Holdings in Concentra Group Holdings Parent, Inc. $CON

Public Sector Pension Investment Board boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 25.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 464,944 shares of the company’s stock after acquiring an additional 93,534 shares during the quarter. Public Sector Pension Investment Board owned about 0.36% of Concentra Group Holdings Parent worth $9,731,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CON. Illinois Municipal Retirement Fund raised its stake in shares of Concentra Group Holdings Parent by 9.1% in the third quarter. Illinois Municipal Retirement Fund now owns 62,431 shares of the company’s stock worth $1,307,000 after purchasing an additional 5,220 shares during the last quarter. Rhumbline Advisers boosted its position in Concentra Group Holdings Parent by 3.6% in the third quarter. Rhumbline Advisers now owns 335,726 shares of the company’s stock valued at $7,027,000 after buying an additional 11,629 shares during the last quarter. MQS Management LLC acquired a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $318,000. Versor Investments LP purchased a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $519,000. Finally, Smartleaf Asset Management LLC raised its position in Concentra Group Holdings Parent by 66.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,652 shares of the company’s stock worth $55,000 after buying an additional 1,054 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research raised shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Royal Bank Of Canada upped their price target on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $23.52 on Tuesday. The company has a market capitalization of $3.02 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.20 and a current ratio of 1.20. The company’s fifty day moving average price is $21.06 and its 200 day moving average price is $21.02. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.55 and a 1 year high of $24.68.

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.