Zacks Research Upgrades Concentra Group Holdings Parent (NYSE:CON) to “Strong-Buy”

Concentra Group Holdings Parent (NYSE:CON) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other analysts have also weighed in on CON. Truist Financial raised their target price on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent in a research report on Friday, June 5th. They set a “buy” rating and a $30.00 price target on the stock. William Blair initiated coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a research report on Friday, August 7th. Finally, Royal Bank Of Canada upped their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $37.00.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $33.95 on Monday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.26 and a beta of 0.63. The firm’s 50-day moving average price is $32.41 and its two-hundred day moving average price is $26.90. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.22. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $35.90.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The company had revenue of $606.03 million during the quarter, compared to analysts’ expectations of $591.75 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. Concentra Group Holdings Parent’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Concentra Group Holdings Parent will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $31.84, for a total value of $4,139,200.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is currently owned by company insiders.

Institutional Trading of Concentra Group Holdings Parent

A number of institutional investors have recently bought and sold shares of CON. EverSource Wealth Advisors LLC grew its position in shares of Concentra Group Holdings Parent by 124.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after buying an additional 663 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Concentra Group Holdings Parent by 2,784.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 1,392 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Concentra Group Holdings Parent by 49.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after acquiring an additional 528 shares during the period. Kestra Advisory Services LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $35,000. Finally, Nykredit A S bought a new position in Concentra Group Holdings Parent during the 2nd quarter worth approximately $60,000.

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.