Globeflex Capital L P Purchases New Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Globeflex Capital L P purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,308 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $44,395,000. JPMorgan Chase & Co. acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $46,003,000. Massachusetts Financial Services Co. MA acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $36,672,000. Charles Schwab Investment Management Inc. grew its holdings in Concentra Group Holdings Parent by 712.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company’s stock valued at $30,489,000 after purchasing an additional 1,351,595 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $23,478,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on CON. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America raised their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of “Buy” and an average target price of $28.38.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON opened at $20.77 on Friday. The business’s 50 day moving average price is $22.22 and its 200-day moving average price is $21.64. The firm has a market capitalization of $2.64 billion and a PE ratio of 13.75. 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, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. As a group, equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.56%.

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.