Sanctuary Advisors LLC Buys New Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Sanctuary Advisors LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,048 shares of the company's stock, valued at approximately $456,000.

A number of other hedge funds have also recently modified their holdings of CON. Principal Financial Group Inc. bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $44,395,000. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent in the third quarter worth about $46,003,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $23,478,000. Finally, Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $11,122,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $28.63.

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Concentra Group Holdings Parent Trading Down 1.2 %

Shares of CON stock traded down $0.27 on Thursday, reaching $22.58. The stock had a trading volume of 226,177 shares, compared to its average volume of 782,008. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current 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. The company has a 50 day simple moving average of $22.01 and a 200 day simple moving average of $21.73.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.11%.

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.