Concentra Group Holdings Parent, Inc.’s Lock-Up Period To End on January 21st (NYSE:CON)

Concentra Group Holdings Parent’s (NYSE:CON) lock-up period is set to end on Tuesday, January 21st. Concentra Group Holdings Parent had issued 22,500,000 shares in its public offering on July 25th. The total size of the offering was $528,750,000 based on an initial share price of $23.50. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CON. Royal Bank of Canada decreased their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $20.66 on Tuesday. The company’s 50-day moving average price is $20.51. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

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

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $46,003,000. Massachusetts Financial Services Co. MA bought a new stake in Concentra Group Holdings Parent in the third quarter worth $36,672,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter worth $23,478,000. Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000.

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.