JPMorgan Chase & Co. Increases Position in Concentra Group Holdings Parent, Inc. $CON

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

A number of other hedge funds have also bought and sold shares of CON. Versant Capital Management Inc grew its stake in Concentra Group Holdings Parent by 80.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock valued at $25,000 after purchasing an additional 531 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Concentra Group Holdings Parent by 124.6% during the 2nd 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 period. Caitong International Asset Management Co. Ltd raised its stake in shares of Concentra Group Holdings Parent by 2,784.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 1,392 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Concentra Group Holdings Parent by 49.1% in the 3rd 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 last quarter. Finally, MAI Capital Management boosted its holdings in shares of Concentra Group Holdings Parent by 48,400.0% in the 2nd quarter. MAI Capital Management now owns 1,940 shares of the company’s stock worth $40,000 after buying an additional 1,936 shares during the last quarter.

Concentra Group Holdings Parent Trading Up 0.1%

Shares of Concentra Group Holdings Parent stock opened at $22.81 on Thursday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.18 and a beta of 0.60. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $24.68. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $22.58 and its 200 day simple moving average is $21.17.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $539.08 million during the quarter. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. Concentra Group Holdings Parent’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. As a group, research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.25 annualized dividend and a yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CON shares. Wells Fargo & Company raised 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 report on Thursday, March 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Royal Bank Of Canada raised their price target 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. Finally, Zacks Research raised shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

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.