Concentra Group Holdings Parent, Inc.’s (NYSE:CON) Lock-Up Period Set To Expire on January 21st

Concentra Group Holdings Parent’s (NYSE:CON) lock-up period is set to 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 expiration of Concentra Group Holdings Parent’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CON shares. Bank of America raised shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, December 16th. Royal Bank of Canada dropped 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 research report on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Up 0.7 %

Shares of NYSE:CON opened at $21.17 on Friday. Concentra Group Holdings Parent has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm’s 50-day simple moving average is $20.61. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Institutional Trading of Concentra Group Holdings Parent

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $46,003,000. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $36,672,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $23,478,000. Geode Capital Management LLC bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth $8,676,000.

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.