Concentra Group Holdings Parent, Inc. $CON Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,874,283 shares of the company’s stock after purchasing an additional 445,449 shares during the period. JPMorgan Chase & Co. owned about 3.02% of Concentra Group Holdings Parent worth $81,089,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CON. Norges Bank bought a new stake in Concentra Group Holdings Parent during the 2nd quarter valued at approximately $30,740,000. Tributary Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth approximately $21,109,000. Thrivent Financial for Lutherans boosted its position in shares of Concentra Group Holdings Parent by 41.1% in the third 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 during the period. Goldman Sachs Group Inc. boosted its position in shares of Concentra Group Holdings Parent by 48.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after acquiring an additional 434,503 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Concentra Group Holdings Parent by 38.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,276,640 shares of the company’s stock worth $26,260,000 after acquiring an additional 353,691 shares during the last quarter.

Concentra Group Holdings Parent Stock Down 1.2%

NYSE CON opened at $23.39 on Tuesday. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.55 and a 1-year high of $24.68. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.70 and a beta of 0.72. The stock’s 50 day moving average is $21.46 and its two-hundred day moving average is $21.16. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10.

Wall Street Analyst Weigh In

Several research firms recently commented on CON. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their target price on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Three equities 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, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.

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.