Sippican Capital Advisors Buys New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Sippican Capital Advisors purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,764 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $274,000. Linden Thomas Advisory Services LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $386,000. Wesbanco Bank Inc. bought a new position in Concentra Group Holdings Parent in the fourth quarter worth approximately $602,000. Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $59,000. Finally, Romano Brothers AND Company bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $1,211,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON opened at $23.52 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company’s fifty day moving average is $21.00. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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. Concentra Group Holdings Parent’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CON shares. Bank of America increased their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $28.63.

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.