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

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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

CON has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Bank of America upgraded 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 note on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $20.91 on Thursday. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81. The business’s fifty day simple moving average is $20.53. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate 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% compared to the same quarter last year. Equities analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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 of this dividend was Wednesday, November 13th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently modified their holdings of CON. Seven Grand Managers LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter worth about $3,354,000. Oppenheimer Asset Management Inc. bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $675,000. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $36,672,000. Charles Schwab Investment Management Inc. bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $4,244,000. Finally, Loomis Sayles & Co. L P bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $8,676,000.

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.