Concentra Group Holdings Parent (NYSE:CON) Shares Gap Up After Analyst Upgrade

Concentra Group Holdings Parent, Inc. (NYSE:CON)’s stock price gapped up before the market opened on Thursday after Bank of America raised their price target on the stock from $24.00 to $25.00. The stock had previously closed at $22.14, but opened at $22.69. Bank of America currently has a buy rating on the stock. Concentra Group Holdings Parent shares last traded at $23.50, with a volume of 43,549 shares.

Separately, Royal Bank of Canada dropped their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of “Buy” and a consensus target price of $28.63.

Institutional Trading of Concentra Group Holdings Parent

A number of institutional investors and hedge funds have recently bought and sold shares of CON. EMC Capital Management acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $122,000. Sippican Capital Advisors acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $213,000. KBC Group NV acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $274,000. Linden Thomas Advisory Services LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $386,000. Finally, Wesbanco Bank Inc. acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $602,000.

Concentra Group Holdings Parent Trading Up 6.5 %

The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a fifty day moving average price of $20.77.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

About Concentra Group Holdings Parent

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.