Royce & Associates LP Acquires 35,572 Shares of Concentra Group Holdings Parent, Inc. $CON

Royce & Associates LP increased its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 457,132 shares of the company’s stock after purchasing an additional 35,572 shares during the period. Royce & Associates LP’s holdings in Concentra Group Holdings Parent were worth $8,996,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Concentra Group Holdings Parent by 124.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after purchasing an additional 663 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Concentra Group Holdings Parent by 2,784.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 1,392 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after buying an additional 528 shares during the period. Osaic Holdings Inc. boosted its stake in Concentra Group Holdings Parent by 59.5% during the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after buying an additional 761 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Concentra Group Holdings Parent by 66.0% during the third quarter. Smartleaf Asset Management LLC now owns 2,652 shares of the company’s stock worth $55,000 after buying an additional 1,054 shares during the period.

Concentra Group Holdings Parent Stock Down 1.6%

Shares of CON opened at $25.39 on Friday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.17 and a beta of 0.72. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.55 and a 12-month high of $26.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.62. The firm has a fifty day moving average price of $23.15 and a 200-day moving average price of $21.94.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $569.56 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%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.53 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, May 19th. Concentra Group Holdings Parent’s payout ratio is presently 17.99%.

Analyst Upgrades and Downgrades

Several research firms have commented on CON. Royal Bank Of Canada lifted their price objective on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wells Fargo & Company lifted their price objective on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Truist Financial reaffirmed a “buy” rating and set a $31.00 price objective (up from $29.00) on shares of Concentra Group Holdings Parent in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.25.

Insider Buying and Selling at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $25.00, for a total value of $3,250,000.00. Following the completion of the sale, the director directly owned 893,455 shares in the company, valued at $22,336,375. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by insiders.

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.