Concentra Group Holdings Parent (NYSE:CON) Director Robert Ortenzio Sells 130,000 Shares

Concentra Group Holdings Parent, Inc. (NYSE:CON) Director Robert Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.00, for a total value of $3,250,000.00. Following the transaction, the director owned 763,455 shares in the company, valued at $19,086,375. This trade represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Concentra Group Holdings Parent Price Performance

NYSE CON opened at $25.06 on Wednesday. The company has a market capitalization of $3.21 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.14 and a beta of 0.82. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.26 and a current ratio of 1.26. The business’s fifty day moving average is $23.26 and its 200 day moving average is $22.02. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $26.66.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $569.56 million for the quarter, compared to the consensus estimate of $553.53 million. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.Concentra Group Holdings Parent’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. Sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.53 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.25 dividend on an annualized basis and a yield of 1.0%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 17.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CON shares. Weiss Ratings raised Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Truist Financial reissued a “buy” rating and set a $31.00 price target (up from $29.00) on shares of Concentra Group Holdings Parent in a report on Monday, May 11th. Finally, Wells Fargo & Company raised their price target on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Concentra Group Holdings Parent presently has an average rating of “Moderate Buy” and a consensus price target of $30.25.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several large investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in shares of Concentra Group Holdings Parent in the first quarter worth about $1,811,000. Argent Capital Management LLC grew its position in Concentra Group Holdings Parent by 42.0% in the first quarter. Argent Capital Management LLC now owns 47,898 shares of the company’s stock worth $1,027,000 after acquiring an additional 14,173 shares in the last quarter. Janus Henderson Group PLC grew its position in Concentra Group Holdings Parent by 722.9% in the first quarter. Janus Henderson Group PLC now owns 419,772 shares of the company’s stock worth $9,003,000 after acquiring an additional 368,761 shares in the last quarter. California State Teachers Retirement System grew its position in Concentra Group Holdings Parent by 25.7% in the first quarter. California State Teachers Retirement System now owns 139,546 shares of the company’s stock worth $2,993,000 after acquiring an additional 28,516 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Concentra Group Holdings Parent by 1.4% in the first quarter. Royal Bank of Canada now owns 213,965 shares of the company’s stock worth $4,590,000 after acquiring an additional 3,058 shares in the last quarter.

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.