Concentra Group Holdings Parent (NYSE:CON) Cut to “Strong Sell” at Zacks Research

Concentra Group Holdings Parent (NYSE:CON) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a research report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price target for the company. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.75.

Concentra Group Holdings Parent Stock Down 1.3%

CON stock opened at $20.89 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10. The firm has a 50-day moving average of $20.25 and a two-hundred day moving average of $21.04. 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 cap of $2.68 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.40 and a beta of 0.74.

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in shares of Concentra Group Holdings Parent by 80.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after buying an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 663 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 acquiring an additional 1,392 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Concentra Group Holdings Parent by 49.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after acquiring an additional 528 shares during the last quarter. Finally, MAI Capital Management boosted its stake in 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 acquiring an additional 1,936 shares in the last quarter.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.