Concentra Group Holdings Parent (NYSE:CON) Shares Gap Up – Here’s Why

Concentra Group Holdings Parent, Inc. (NYSE:CON)’s share price gapped up prior to trading on Monday . The stock had previously closed at $20.50, but opened at $21.09. Concentra Group Holdings Parent shares last traded at $21.14, with a volume of 97,455 shares traded.

Wall Street Analyst Weigh In

CON has been the subject of several recent research reports. Royal Bank of Canada cut their target price on shares of 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 raised shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Stock Performance

The firm has a 50-day moving average price of $20.79. 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 earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. Concentra Group Holdings Parent’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several hedge funds and other institutional investors have recently modified their holdings of CON. BNP Paribas Financial Markets acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at about $105,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $208,000. MetLife Investment Management LLC acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $297,000. Jane Street Group LLC purchased a new position in Concentra Group Holdings Parent during the third quarter worth approximately $584,000. Finally, Verition Fund Management LLC acquired a new position in Concentra Group Holdings Parent during the third quarter worth $661,000.

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.