Concentra Group Holdings Parent (NYSE:CON) Sees Strong Trading Volume – Still a Buy?

Concentra Group Holdings Parent, Inc. (NYSE:CON) shares saw unusually-high trading volume on Tuesday . Approximately 445,136 shares were traded during trading, a decline of 8% from the previous session’s volume of 486,407 shares.The stock last traded at $22.71 and had previously closed at $22.13.

Analyst Upgrades and Downgrades

CON has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price target for the company. Truist Financial began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “overweight” rating and a $29.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Bank of America cut shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.50 to $24.00 in a research report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Price Performance

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 50-day simple moving average is $21.11.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data 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 during 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. On average, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

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

Institutional Trading of Concentra Group Holdings Parent

Large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $23,478,000. Geode Capital Management LLC bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $11,122,000. Loomis Sayles & Co. L P bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $8,676,000. Finally, Public Sector Pension Investment Board bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $7,788,000.

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.