Concentra Group Holdings Parent, Inc. $CON Holdings Raised by Jennison Associates LLC

Jennison Associates LLC boosted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 734,379 shares of the company’s stock after buying an additional 42,012 shares during the quarter. Jennison Associates LLC owned approximately 0.57% of Concentra Group Holdings Parent worth $14,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CON. JPMorgan Chase & Co. grew its position in Concentra Group Holdings Parent by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after purchasing an additional 445,449 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Concentra Group Holdings Parent by 41.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after acquiring an additional 945,303 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $35,124,000. Cramer Rosenthal Mcglynn LLC grew its position in shares of Concentra Group Holdings Parent by 14.7% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,091,448 shares of the company’s stock valued at $43,774,000 after acquiring an additional 267,670 shares during the period. Finally, Prosight Management LP grew its position in shares of Concentra Group Holdings Parent by 95.4% during the 3rd quarter. Prosight Management LP now owns 610,000 shares of the company’s stock valued at $12,767,000 after acquiring an additional 297,895 shares during the period.

Concentra Group Holdings Parent Stock Up 0.4%

CON opened at $22.55 on Friday. The company has a 50 day moving average of $22.44 and a 200 day moving average of $21.30. The company has a market cap of $2.90 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.15 and a beta of 0.72. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.55 and a 12 month high of $24.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.90.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $539.08 million during the quarter. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. On average, sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th were paid a $0.0625 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.25 annualized dividend and a yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CON. Royal Bank Of Canada increased their target price on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Wells Fargo & Company increased their target price on shares of Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.