Concentra Group Holdings Parent (NYSE:CON) Director Sells $4,139,200.00 in Stock

Concentra Group Holdings Parent, Inc. (NYSE:CON) Director Robert Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the sale, the director owned 503,455 shares of the company’s stock, valued at $16,030,007.20. This trade represents a 20.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Concentra Group Holdings Parent Trading Down 1.5%

NYSE:CON traded down $0.48 during trading hours on Wednesday, reaching $30.64. 1,449,727 shares of the stock were exchanged, compared to its average volume of 901,016. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.55 and a twelve month high of $32.86. The business has a 50-day moving average of $29.42 and a two-hundred day moving average of $25.23. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.45 and a beta of 0.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $569.55 million for the quarter, compared to the consensus estimate of $553.53 million. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. On average, equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CON. Weiss Ratings raised Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Truist Financial boosted their target price on Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a report on Friday, June 5th. They set a “buy” rating and a $30.00 price target on the stock. Finally, William Blair started coverage on Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Concentra Group Holdings Parent by 7.6% in the 1st quarter. Royal Bank of Canada now owns 81,441 shares of the company’s stock valued at $1,767,000 after purchasing an additional 5,754 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 1st quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Concentra Group Holdings Parent by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company’s stock worth $1,422,000 after purchasing an additional 2,873 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Concentra Group Holdings Parent by 48.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock worth $28,850,000 after purchasing an additional 434,503 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Concentra Group Holdings Parent by 10.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,526 shares of the company’s stock valued at $4,568,000 after buying an additional 19,846 shares during the last quarter.

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.