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 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America upgraded 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 note on Monday, December 16th. Royal Bank of Canada cut their price target on 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $21.17 on Monday. 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. The business’s 50 day moving average is $20.61.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Concentra Group Holdings Parent in the third quarter worth $46,003,000. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent in the third quarter worth $36,672,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at $23,478,000. Geode Capital Management LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at $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.