Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) Director Robert Ortenzio sold 130,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $30.50, for a total value of $3,965,000.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Concentra Group Holdings Parent Trading Down 0.2%
Shares of CON stock opened at $31.83 on Tuesday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.45 and a beta of 0.64. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $32.35. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62. The stock's fifty day simple moving average is $26.44 and its 200 day simple moving average is $23.50.
Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.The firm had revenue of $569.55 million during the quarter, compared to the consensus estimate of $553.53 million. During the same period last year, the company earned $0.32 earnings per share. The business's quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.52 EPS for the current fiscal year.
Concentra Group Holdings Parent Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis 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%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group began coverage on shares of Concentra Group Holdings Parent in a report on Friday, June 5th. They set a "buy" rating and a $30.00 target price on the stock. William Blair started coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an "outperform" rating on the stock. Truist Financial reissued a "buy" rating and issued a $31.00 price objective (up from $29.00) on shares of Concentra Group Holdings Parent in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded Concentra Group Holdings Parent from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.20.
Read Our Latest Stock Report on Concentra Group Holdings Parent
Institutional Trading of Concentra Group Holdings Parent
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Concentra Group Holdings Parent by 7.6% during the 1st quarter. Royal Bank of Canada now owns 81,441 shares of the company's stock worth $1,767,000 after purchasing an additional 5,754 shares during the last quarter. AQR Capital Management LLC bought a new position in Concentra Group Holdings Parent during the first quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Concentra Group Holdings Parent by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company's stock worth $1,422,000 after buying an additional 2,873 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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 buying an additional 434,503 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Concentra Group Holdings Parent by 10.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,526 shares of the company's stock valued at $4,568,000 after buying an additional 19,846 shares during the period.
Concentra Group Holdings Parent Company Profile
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Get Free Report)
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.
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