Robeco Institutional Asset Management B.V. Purchases 231,008 Shares of Concentra Group Holdings Parent, Inc. $CON

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 231,008 shares of the company’s stock, valued at approximately $7,951,000.

Other institutional investors have also added to or reduced their stakes in the company. Net Worth Advisory Group bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $223,000. GAMMA Investing LLC increased its position in shares of Concentra Group Holdings Parent by 14.0% during the third quarter. GAMMA Investing LLC now owns 3,436 shares of the company’s stock valued at $118,000 after buying an additional 421 shares during the period. Farther Finance Advisors LLC increased its position in shares of Concentra Group Holdings Parent by 17.4% during the third quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock valued at $80,000 after buying an additional 343 shares during the period. HBK Investments L P increased its position in shares of Concentra Group Holdings Parent by 21.1% during the second quarter. HBK Investments L P now owns 1,044,614 shares of the company’s stock valued at $31,077,000 after buying an additional 181,864 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent during the second quarter valued at about $233,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 31st. Wells Fargo & Company upped their target price on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Stephens assumed coverage on shares of Concentra Group Holdings Parent in a report on Tuesday, October 20th. They set an “overweight” rating and a $45.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Concentra Group Holdings Parent in a research note on Friday, October 16th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, William Blair assumed coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $41.29.

Insider Buying and Selling at Concentra Group Holdings Parent

In related news, Director Robert Ortenzio sold 130,000 shares of the company’s 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 approximately $16,030,007.20. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.10% of the company’s stock.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $39.36 on Friday. The firm has a market capitalization of $5.02 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.43 and a beta of 0.63. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22. The stock’s 50-day simple moving average is $35.78 and its two-hundred day simple moving average is $30.44. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $40.00.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $606.03 million for the quarter, compared to analysts’ expectations of $591.75 million. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. As a group, equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.65 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 20th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Concentra Group Holdings Parent’s dividend payout ratio is 16.13%.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.