SG Americas Securities LLC Increases Stock Holdings in Concentra Group Holdings Parent, Inc. $CON

SG Americas Securities LLC grew its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 168.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,711 shares of the company’s stock after purchasing an additional 38,093 shares during the quarter. SG Americas Securities LLC’s holdings in Concentra Group Holdings Parent were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its holdings 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 purchasing an additional 528 shares in the last quarter. Versant Capital Management Inc raised its holdings in Concentra Group Holdings Parent by 80.6% during the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after purchasing an additional 531 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Concentra Group Holdings Parent by 124.6% during 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 in the last quarter. Osaic Holdings Inc. raised its holdings 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 purchasing an additional 761 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Concentra Group Holdings Parent by 2.4% during the third quarter. Victory Capital Management Inc. now owns 42,295 shares of the company’s stock worth $885,000 after purchasing an additional 979 shares in the last quarter.

Concentra Group Holdings Parent Price Performance

CON stock opened at $21.33 on Wednesday. The company has a market capitalization of $2.74 billion, a P/E ratio of 16.40, a PEG ratio of 1.07 and a beta of 0.82. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $24.68. The business has a 50 day simple moving average of $22.66 and a 200-day simple moving average of $21.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.90.

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

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 12th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.25 annualized dividend and a dividend yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 19.23%.

Analysts Set New Price Targets

A number of analysts have weighed in on CON shares. Royal Bank Of Canada raised 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 report on Monday, February 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th. 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. Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Finally, Wells Fargo & Company increased their price objective on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Concentra Group Holdings Parent has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Concentra Group Holdings Parent 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.