Isthmus Partners LLC Makes New Investment in Concentra Group Holdings Parent, Inc. $CON

Isthmus Partners LLC purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 78,996 shares of the company’s stock, valued at approximately $2,719,000. Isthmus Partners LLC owned about 0.06% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $230,000. Pinnacle Associates Ltd. bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $291,000. Nisa Investment Advisors LLC boosted its stake in Concentra Group Holdings Parent by 51.0% in the third quarter. Nisa Investment Advisors LLC now owns 8,650 shares of the company’s stock valued at $298,000 after buying an additional 2,922 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at about $7,951,000. Finally, Net Worth Advisory Group acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at about $223,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. William Blair assumed coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Wells Fargo & Company raised their price target on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Truist Financial raised their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $41.29.

Concentra Group Holdings Parent Trading Up 2.2%

CON opened at $39.96 on Friday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $40.00. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.42 and a beta of 0.63. The company’s 50 day moving average price is $35.70 and its two-hundred day moving average price is $30.37.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $606.03 million during the quarter, compared to analysts’ expectations of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. As a group, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.65 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 20th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. Concentra Group Holdings Parent’s payout ratio is currently 16.13%.

Insiders Place Their Bets

In related news, Director Robert Ortenzio sold 130,000 shares of the stock in a transaction 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 in the company, valued at $16,030,007.20. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by insiders.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.