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

Concentra Group Holdings Parent, Inc. (NYSE:CON)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $20.27, but opened at $21.50. Concentra Group Holdings Parent shares last traded at $21.10, with a volume of 508,915 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CON shares. Royal Bank of Canada cut their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $27.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $32.00 price target on the stock. Truist Financial began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $29.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The business’s 50 day simple moving average is $21.18.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share 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 the consensus estimate of $492.61 million. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 13th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of hedge funds have recently bought and sold shares of CON. Barclays PLC purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $710,000. Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $11,122,000. Jane Street Group LLC purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth $584,000. Soros Fund Management LLC purchased a new stake in Concentra Group Holdings Parent during the third quarter valued at $5,590,000. Finally, State Street Corp bought a new position in Concentra Group Holdings Parent in the third quarter valued at about $6,804,000.

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.