Concentra Group Holdings Parent, Inc.’s Lock-Up Period Will Expire Tomorrow (NYSE:CON)

Concentra Group Holdings Parent’s (NYSE:CON) lock-up period will expire on Tuesday, January 21st. Concentra Group Holdings Parent had issued 22,500,000 shares in its initial public offering on July 25th. The total size of the offering was $528,750,000 based on an initial share price of $23.50. After the end of Concentra Group Holdings Parent’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

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

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock opened at $21.17 on Monday. The firm’s 50-day moving average price is $20.61. Concentra Group Holdings Parent has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

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 analysts’ expectations of $492.61 million. The business’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 business also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $46,003,000. Loomis Sayles & Co. L P purchased a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $8,676,000. State Street Corp purchased a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $6,804,000. Geode Capital Management LLC purchased a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $11,122,000. Finally, Jane Street Group LLC purchased a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $584,000.

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.