Knights of Columbus Asset Advisors LLC Purchases New Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,577 shares of the company’s stock, valued at approximately $1,337,000. Knights of Columbus Asset Advisors LLC owned about 0.05% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $25,000. Motco bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $32,000. Empowered Funds LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $49,000. Nisa Investment Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $59,000. Finally, GAMMA Investing LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $64,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on CON. JPMorgan Chase & Co. raised their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Bank of America raised their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Down 2.1 %

CON opened at $20.85 on Friday. The stock’s fifty day moving average is $22.34 and its two-hundred day moving average is $21.54. The company has a market capitalization of $2.65 billion and a P/E ratio of 13.81. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. 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 released its quarterly earnings data on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.20%. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

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.