Zacks Research Upgrades Concentra Group Holdings Parent (NYSE:CON) to Hold

by · The Cerbat Gem

Concentra Group Holdings Parent (NYSE:CON – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a research note on Thursday, September 18th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.75.

Read Our Latest Stock Report on CON

Concentra Group Holdings Parent Trading Up 1.1%

Shares of NYSE:CON opened at $20.08 on Wednesday. Concentra Group Holdings Parent has a 12-month low of $18.55 and a 12-month high of $24.17. The company has a market capitalization of $2.57 billion, a PE ratio of 16.73, a PEG ratio of 2.39 and a beta of 0.70. The business has a 50 day moving average of $19.90 and a two-hundred day moving average of $20.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10.

Concentra Group Holdings Parent (NYSE:CON – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. The business had revenue of $489.64 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. As a group, analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Concentra Group Holdings Parent by 80.6% in the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after acquiring an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Concentra Group Holdings Parent by 124.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after purchasing an additional 663 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of 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 in the last quarter. Finally, MAI Capital Management raised its position in shares of Concentra Group Holdings Parent by 48,400.0% in the second quarter. MAI Capital Management now owns 1,940 shares of the company’s stock valued at $40,000 after buying an additional 1,936 shares during the last quarter.

Concentra Group Holdings Parent Company Profile

(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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