Concentra Group Holdings Parent, Inc. $CON Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,107,254 shares of the company’s stock after buying an additional 144,379 shares during the period. Dimensional Fund Advisors LP’s holdings in Concentra Group Holdings Parent were worth $66,645,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in shares of Concentra Group Holdings Parent by 195.8% in the first quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock valued at $46,596,000 after purchasing an additional 1,437,912 shares in the last quarter. Principal Financial Group Inc. raised its position in Concentra Group Holdings Parent by 1.6% during the first quarter. Principal Financial Group Inc. now owns 2,668,512 shares of the company’s stock valued at $57,238,000 after buying an additional 41,891 shares during the period. Fifth Third Bancorp raised its position in Concentra Group Holdings Parent by 5,194.4% during the first quarter. Fifth Third Bancorp now owns 38,861 shares of the company’s stock valued at $834,000 after buying an additional 38,127 shares during the period. Moran Wealth Management LLC purchased a new stake in Concentra Group Holdings Parent in the 1st quarter worth about $288,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Concentra Group Holdings Parent in the 1st quarter worth about $274,000.

Insider Buying and Selling at Concentra Group Holdings Parent

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $30.50, for a total value of $3,965,000.00. Following the completion of the sale, the director owned 633,455 shares of the company’s stock, valued at $19,320,377.50. The trade was a 17.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 390,000 shares of company stock valued at $10,465,000 over the last ninety days. 8.10% of the stock is owned by insiders.

Concentra Group Holdings Parent Stock Performance

CON stock opened at $31.67 on Friday. The firm has a 50 day moving average of $29.18 and a two-hundred day moving average of $25.04. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.55 and a 12 month high of $32.86. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 1.44 and a beta of 0.64. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $569.55 million during the quarter, compared to analyst estimates of $553.53 million. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. Concentra Group Holdings Parent’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. As a group, equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.52 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 17.99%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CON. The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a research report on Friday, June 5th. They set a “buy” rating and a $30.00 price objective for the company. Truist Financial increased their price target on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, William Blair assumed coverage on shares of Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

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.