63,000 Shares in Concentra Group Holdings Parent, Inc. $CON Bought by Hussman Strategic Advisors Inc.

Key Points

• Hussman Strategic Advisors acquired a new position of 63,000 shares in Concentra Group Holdings Parent (NYSE:CON) during Q4, valued at about $1.24 million.
• Q4 results beat expectations with EPS of $0.28 vs. $0.23 consensus, revenue of $539.1 million (up 15.9% year-over-year) and a return on equity of 48.46%.
• The company pays a quarterly dividend of $0.0625 (annualized $0.25, yield ~1.1%), and analysts hold a consensus "Moderate Buy" with an average target of $30 (RBC $31, Wells Fargo $28).

Hussman Strategic Advisors Inc. acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,000 shares of the company's stock, valued at approximately $1,240,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Concentra Group Holdings Parent by 80.6% during the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company's stock worth $25,000 after purchasing an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Concentra Group Holdings Parent by 124.6% during the second 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 raised 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 purchasing an additional 1,392 shares during the last quarter. Public Employees Retirement System of Ohio raised 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 purchasing an additional 528 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Concentra Group Holdings Parent by 59.5% during the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company's stock worth $42,000 after purchasing an additional 761 shares during the last quarter.

Concentra Group Holdings Parent Stock Up 0.1%

Shares of NYSE:CON opened at $22.55 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.90. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $24.68. The stock's fifty day simple moving average is $22.44 and its 200-day simple moving average is $21.30. The company has a market capitalization of $2.90 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.15 and a beta of 0.72.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Concentra Group Holdings Parent had a return on equity of 48.46% and a net margin of 7.69%.The business had revenue of $539.08 million for the quarter. During the same quarter in the prior year, the company earned $0.17 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CON. 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 report on Monday, February 2nd. Wells Fargo & Company upped their price objective on 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

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.

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