Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Average Recommendation of “Moderate Buy” from Analysts

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.00.

CON has been the subject of several recent research reports. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Royal Bank Of Canada lifted their price objective on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th.

Concentra Group Holdings Parent Stock Down 1.5%

Shares of NYSE:CON opened at $23.52 on Tuesday. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.69 and a beta of 0.73. The company has a 50 day moving average of $20.98 and a 200-day moving average of $20.99. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $24.68.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Large investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Concentra Group Holdings Parent in the second quarter valued at approximately $1,427,000. First Eagle Investment Management LLC grew its position in Concentra Group Holdings Parent by 2.7% in the second quarter. First Eagle Investment Management LLC now owns 324,259 shares of the company’s stock valued at $6,670,000 after purchasing an additional 8,500 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Concentra Group Holdings Parent in the 2nd quarter valued at $3,855,000. Thrivent Financial for Lutherans increased its stake in Concentra Group Holdings Parent by 41.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after buying an additional 945,303 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in Concentra Group Holdings Parent by 13.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 392,000 shares of the company’s stock worth $8,063,000 after buying an additional 47,289 shares in 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.