Pictet Asset Management Holding SA Takes $465,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Pictet Asset Management Holding SA purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,501 shares of the company's stock, valued at approximately $465,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after buying an additional 9,957,396 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Concentra Group Holdings Parent by 57.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company's stock valued at $64,205,000 after acquiring an additional 1,188,585 shares during the period. Norges Bank acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $46,270,000. Principal Financial Group Inc. purchased a new stake in Concentra Group Holdings Parent during the 4th quarter worth $44,395,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Concentra Group Holdings Parent by 712.1% in the 4th 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 in the last quarter.

Concentra Group Holdings Parent Stock Down 0.0 %

Shares of CON traded down $0.01 during trading on Tuesday, reaching $20.85. The company's stock had a trading volume of 56,450 shares, compared to its average volume of 808,434. The company has a market cap of $2.66 billion and a price-to-earnings ratio of 13.80. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a fifty day moving average of $21.85 and a two-hundred day moving average of $21.28. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. On average, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

Analysts Set New Price Targets

CON has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Bank of America increased 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, Wells Fargo & Company reduced their target price on shares of 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $28.50.

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.