Segall Bryant & Hamill LLC Acquires New Shares in Concentra Group Holdings Parent, Inc. $CON

Segall Bryant & Hamill LLC bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the first quarter, HoldingsChannel.com reports. The firm bought 80,697 shares of the company’s stock, valued at approximately $1,811,000.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Concentra Group Holdings Parent by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock valued at $537,000 after purchasing an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Concentra Group Holdings Parent by 32.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,118 shares of the company’s stock valued at $42,000 after purchasing an additional 514 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Concentra Group Holdings Parent by 1.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock worth $628,000 after purchasing an additional 536 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Concentra Group Holdings Parent by 124.6% during the 2nd 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. Finally, ProShare Advisors LLC lifted its stake in Concentra Group Holdings Parent by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock valued at $448,000 after purchasing an additional 690 shares during the last quarter.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Robert A. Ortenzio sold 130,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $30.50, for a total transaction of $3,965,000.00. Following the completion of the transaction, the director owned 633,455 shares of the company’s stock, valued at approximately $19,320,377.50. This trade represents a 17.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 390,000 shares of company stock worth $10,465,000 over the last ninety days. 8.10% of the stock is currently owned by company insiders.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $31.11 on Wednesday. The business has a 50 day moving average of $29.42 and a 200-day moving average of $25.23. The company has a market capitalization of $3.98 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.45 and a beta of 0.62. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.55 and a 1 year high of $32.86. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.26 and a quick ratio of 1.26.

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

Concentra Group Holdings Parent Company 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.