Mutual of America Capital Management LLC Takes $324,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Mutual of America Capital Management LLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,396 shares of the company's stock, valued at approximately $324,000.

A number of other hedge funds have also modified their holdings of the stock. Motco bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $32,000. Empowered Funds LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $49,000. Nisa Investment Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $59,000. GAMMA Investing LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $64,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $105,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America lifted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $28.38.

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Concentra Group Holdings Parent Stock Up 0.6 %

Shares of CON stock traded up $0.13 on Friday, reaching $20.77. 706,210 shares of the company were exchanged, compared to its average volume of 743,961. The company has a market cap of $2.64 billion and a price-to-earnings ratio of 13.75. The company has a 50-day moving average of $22.19 and a 200-day moving average of $21.67. 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 one year low of $18.89 and a one year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results 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 business had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. Analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

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 paid a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.20%. Concentra Group Holdings Parent's payout ratio is currently 16.56%.

Concentra Group Holdings Parent 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.