Universal Beteiligungs und Servicegesellschaft mbH Purchases 49,723 Shares of Concentra Group Holdings Parent, Inc. $CON

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 145.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,897 shares of the company’s stock after purchasing an additional 49,723 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Concentra Group Holdings Parent were worth $1,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CON. State Street Corp grew its position in Concentra Group Holdings Parent by 1.3% during the second quarter. State Street Corp now owns 4,271,442 shares of the company’s stock worth $87,864,000 after buying an additional 52,882 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Concentra Group Holdings Parent by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after acquiring an additional 445,449 shares during the period. Thrivent Financial for Lutherans raised its holdings in Concentra Group Holdings Parent by 41.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after acquiring an additional 945,303 shares in the last quarter. Woodline Partners LP raised its holdings in 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 acquiring an additional 1,614,988 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in shares of Concentra Group Holdings Parent by 14.7% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,091,448 shares of the company’s stock valued at $43,774,000 after acquiring an additional 267,670 shares during the period.

Concentra Group Holdings Parent Trading Up 0.4%

CON opened at $22.55 on Friday. The company’s 50 day moving average price is $22.44 and its two-hundred day moving average price is $21.29. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.15 and a beta of 0.72. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $24.68. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.14 and a quick ratio of 1.14.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $539.08 million during the quarter. Concentra Group Holdings Parent had a return on equity of 48.46% and a net margin of 7.69%.The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. As a group, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 12th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 12th. Concentra Group Holdings Parent’s payout ratio is presently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wells Fargo & Company boosted 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 research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Concentra Group Holdings Parent Profile

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.