Universal Beteiligungs und Servicegesellschaft mbH Has $1.67 Million Stock Holdings in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Concentra (NYSE:CON) by 145.5% to 83,897 shares, representing a 0.07% stake worth about $1.67 million.
• Concentra beat quarterly estimates, reporting $0.28 EPS versus $0.23 expected and revenue of $539.08 million (up 15.9% year-over-year), with a net margin of 7.69% and return on equity of 48.46%.
• Dividend and analyst outlook: the company pays a quarterly dividend of $0.0625 ($0.25 annual, ~1.1% yield) and Wall Street sentiment is positive, with an average target around $30 and recent price-target raises to $28–$31 supporting a "Moderate Buy" consensus.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 145.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,897 shares of the company's stock after buying an additional 49,723 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Concentra Group Holdings Parent worth $1,667,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Concentra Group Holdings Parent by 80.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company's stock valued at $25,000 after buying an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 663 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 valued at $30,000 after acquiring an additional 1,392 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Concentra Group Holdings Parent by 49.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company's stock valued at $34,000 after acquiring an additional 528 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Concentra Group Holdings Parent by 59.5% in the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company's stock valued at $42,000 after acquiring an additional 761 shares during the last quarter.

Concentra Group Holdings Parent Stock Up 0.4%

NYSE:CON opened at $22.55 on Friday. The stock has a 50-day simple moving average of $22.44 and a 200 day simple moving average of $21.29. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $24.68. The company has a market cap of $2.90 billion, a PE ratio of 17.35, a PEG ratio of 1.15 and a beta of 0.72. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The business had revenue of $539.08 million during the quarter. During the same quarter in the previous year, the company posted $0.17 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 12th were paid a dividend of $0.0625 per share. 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 payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CON. Wells Fargo & Company raised 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 note on Thursday, March 5th. Royal Bank Of Canada increased their price objective on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, February 2nd. Three equities research 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, Concentra Group Holdings Parent 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.

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