67,800 Shares in Concentra Group Holdings Parent, Inc. $CON Acquired by Syquant Capital Sas

Key Points

• Syquant Capital Sas has acquired a significant position in Concentra Group Holdings Parent, purchasing 67,800 shares worth approximately $1.4 million, now making it the firm's 12th largest holding.
• Recent reports show that analysts at JPMorgan Chase & Co. have set an "overweight" rating on the stock, with a target price of $31.00, while the average target price among analysts stands at $27.75.
• Concentra Group Holdings Parent reported quarterly earnings with earnings per share (EPS) of $0.37, indicating a revenue increase of 15.2% year-over-year, and has announced a dividend of $0.0625 per share.

Syquant Capital Sas bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 67,800 shares of the company's stock, valued at approximately $1,395,000. Concentra Group Holdings Parent comprises 0.5% of Syquant Capital Sas' portfolio, making the stock its 12th biggest holding. Syquant Capital Sas owned approximately 0.05% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CON. Millennium Management LLC boosted its position in Concentra Group Holdings Parent by 891.3% during the first quarter. Millennium Management LLC now owns 1,494,581 shares of the company's stock worth $32,432,000 after acquiring an additional 1,343,816 shares during the last quarter. Woodline Partners LP acquired a new stake in Concentra Group Holdings Parent during the first quarter worth approximately $21,520,000. Goldman Sachs Group Inc. boosted its holdings in shares of Concentra Group Holdings Parent by 48.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company's stock valued at $28,850,000 after purchasing an additional 434,503 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Concentra Group Holdings Parent by 68.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 922,949 shares of the company's stock valued at $20,028,000 after purchasing an additional 376,186 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Concentra Group Holdings Parent in the 1st quarter valued at $5,753,000.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a report on Thursday, September 18th. They issued an "overweight" rating and a $31.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $27.75.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $20.88 on Tuesday. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.32. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. The firm's fifty day moving average price is $21.61 and its 200 day moving average price is $21.34.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm's quarterly revenue was up 15.2% on a year-over-year basis. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 21.01%.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers' compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.

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