SG Americas Securities LLC Has $898,000 Position in Concentra Group Holdings Parent, Inc. $CON

SG Americas Securities LLC cut its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 31.1% during the first quarter, Holdings Channel.com reports. The fund owned 41,845 shares of the company’s stock after selling 18,866 shares during the period. SG Americas Securities LLC’s holdings in Concentra Group Holdings Parent were worth $898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 worth $25,000 after purchasing an additional 663 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Concentra Group Holdings Parent by 2,784.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 1,392 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after buying an additional 528 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $35,000. Finally, Osaic Holdings Inc. grew its position in shares of Concentra Group Holdings Parent by 59.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after buying an additional 761 shares during the period.

Concentra Group Holdings Parent Price Performance

NYSE CON opened at $31.82 on Monday. The business has a 50 day simple moving average of $26.27 and a 200 day simple moving average of $23.42. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $31.93. 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 stock has a market cap of $4.07 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.45 and a beta of 0.64.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $569.55 million for the quarter, compared to analysts’ expectations 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 was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.52 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Concentra Group Holdings Parent’s payout ratio is 17.99%.

Insider Activity at Concentra Group Holdings Parent

In other news, Director Robert A. Ortenzio sold 130,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $25.00, for a total transaction of $3,250,000.00. Following the completion of the transaction, the director directly owned 763,455 shares of the company’s stock, valued at $19,086,375. This represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial reiterated a “buy” rating and issued a $31.00 price target (up from $29.00) on shares of Concentra Group Holdings Parent in a research report on Monday, May 11th. The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a report on Friday, June 5th. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, William Blair initiated coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Concentra Group Holdings Parent 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.