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

Concentra Group Holdings Parent's (NYSE:CON - Get Free Report) lock-up period will end on Tuesday, January 21st. Concentra Group Holdings Parent had issued 22,500,000 shares in its IPO 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

CON has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Bank of America raised Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Monday, December 16th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent has a consensus rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON traded down $0.21 during midday trading on Tuesday, reaching $20.42. The stock had a trading volume of 533,364 shares, compared to its average volume of 707,816. Concentra Group Holdings Parent has a 12-month low of $18.89 and a 12-month high of $24.81. The business's 50-day simple moving average is $20.51. 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 - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. Concentra Group Holdings Parent's revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $64,000. BNP Paribas Financial Markets bought a new position in Concentra Group Holdings Parent during the third quarter valued at $105,000. The Manufacturers Life Insurance Company bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $208,000. Everence Capital Management Inc. purchased a new position in Concentra Group Holdings Parent in the fourth quarter worth about $269,000. Finally, MetLife Investment Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $297,000.

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.