Sei Investments Co. Buys 58,444 Shares of Concentra Group Holdings Parent, Inc. $CON

Sei Investments Co. boosted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 51.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,210 shares of the company’s stock after purchasing an additional 58,444 shares during the quarter. Sei Investments Co.’s holdings in Concentra Group Holdings Parent were worth $3,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Concentra Group Holdings Parent by 7.6% in the first 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 purchased a new stake in shares of Concentra Group Holdings Parent in the first quarter worth about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $1,422,000 after buying an additional 2,873 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Concentra Group Holdings Parent by 48.5% during 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Concentra Group Holdings Parent by 10.4% during 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 last quarter.

Wall Street Analysts Forecast Growth

CON has been the topic of a number of research reports. Truist Financial lifted their price objective on Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. William Blair initiated coverage on Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a research report on Friday, June 5th. They set a “buy” rating and a $30.00 target price for the company. Finally, Weiss Ratings raised shares of 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Insider Transactions at Concentra Group Holdings Parent

In other news, Director Robert A. Ortenzio sold 130,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $31.84, for a total value of $4,139,200.00. Following the completion of the sale, the director directly owned 503,455 shares of the company’s stock, valued at $16,030,007.20. This trade represents a 20.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 390,000 shares of company stock worth $11,354,200 in the last quarter. Corporate insiders own 8.10% of the company’s stock.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $30.48 on Friday. The company’s 50-day moving average price is $29.62 and its 200-day moving average price is $25.36. 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 company has a market cap of $3.90 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $32.86.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The firm had revenue of $606.03 million during the quarter, compared to the consensus estimate of $591.75 million. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. On average, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.52 EPS for the current fiscal year.

Concentra Group Holdings Parent Company 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.