Ceredex Value Advisors LLC Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Ceredex Value Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 215,565 shares of the company's stock, valued at approximately $4,264,000. Ceredex Value Advisors LLC owned approximately 0.17% of Concentra Group Holdings Parent at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keeley Teton Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at $1,864,000. XTX Topco Ltd purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $869,000. Barclays PLC increased its holdings in shares of Concentra Group Holdings Parent by 530.8% in the 4th quarter. Barclays PLC now owns 200,340 shares of the company's stock worth $3,963,000 after buying an additional 168,579 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Concentra Group Holdings Parent by 384.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,151 shares of the company's stock valued at $221,000 after buying an additional 8,850 shares in the last quarter. Finally, Covestor Ltd bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $81,000.

Concentra Group Holdings Parent Stock Down 1.2 %

Shares of CON stock traded down $0.24 during mid-day trading on Friday, hitting $20.32. The stock had a trading volume of 813,300 shares, compared to its average volume of 776,909. 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 12-month low of $18.89 and a 12-month high of $24.81. The firm's 50-day moving average is $21.66 and its two-hundred day moving average is $21.24. The firm has a market capitalization of $2.59 billion and a P/E ratio of 13.46.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. On average, analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.23%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Analysts Set New Price Targets

CON has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. 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 report on Wednesday, March 19th. Bank of America boosted their price objective on shares of 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent has an average rating of "Buy" and an average target price of $28.50.

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.