Cramer Rosenthal Mcglynn LLC Has $43.77 Million Position in Concentra Group Holdings Parent, Inc. $CON

Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 14.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,091,448 shares of the company’s stock after purchasing an additional 267,670 shares during the period. Concentra Group Holdings Parent makes up about 2.7% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 6th largest holding. Cramer Rosenthal Mcglynn LLC’s holdings in Concentra Group Holdings Parent were worth $43,774,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Pitcairn Co. purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at $203,000. Victory Capital Management Inc. lifted its stake in Concentra Group Holdings Parent by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 42,295 shares of the company’s stock valued at $885,000 after acquiring an additional 979 shares during the period. Royce & Associates LP boosted its holdings in shares of Concentra Group Holdings Parent by 23.7% during the 3rd quarter. Royce & Associates LP now owns 421,560 shares of the company’s stock valued at $8,823,000 after acquiring an additional 80,714 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Concentra Group Holdings Parent by 42.3% in the third quarter. Handelsbanken Fonder AB now owns 34,972 shares of the company’s stock worth $732,000 after acquiring an additional 10,400 shares during the period. Finally, Hohimer Wealth Management LLC raised its holdings in shares of Concentra Group Holdings Parent by 18.8% during the third quarter. Hohimer Wealth Management LLC now owns 15,468 shares of the company’s stock valued at $324,000 after purchasing an additional 2,443 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CON. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Royal Bank Of Canada boosted their price target on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Finally, Wells Fargo & Company upped their target price on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Concentra Group Holdings Parent Stock Performance

CON opened at $23.47 on Friday. The company has a 50 day simple moving average of $22.08 and a two-hundred day simple moving average of $21.24. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $3.02 billion, a P/E ratio of 18.05, a PEG ratio of 1.22 and a beta of 0.60. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.55 and a 1-year high of $24.68.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $539.08 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, March 12th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 19.23%.

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.