46,130 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 46,130 shares of the company's stock, valued at approximately $912,000.

A number of other large investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth $36,672,000. Charles Schwab Investment Management Inc. purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $4,244,000. Loomis Sayles & Co. L P acquired a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $8,676,000. The Manufacturers Life Insurance Company purchased a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $208,000. Finally, Advantage Alpha Capital Partners LP acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $3,162,000.

Concentra Group Holdings Parent Price Performance

CON traded up $0.29 during trading on Thursday, hitting $21.76. The company's stock had a trading volume of 498,958 shares, compared to its average volume of 743,741. The firm has a market capitalization of $2.77 billion and a price-to-earnings ratio of 14.41. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The business's fifty day simple moving average is $22.38 and its 200 day simple moving average is $21.48. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released 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 analyst estimates of $465.00 million. On average, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analysts Forecast Growth

CON has been the subject of several recent research reports. Bank of America raised their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Royal Bank of Canada restated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced 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 report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $28.50.

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.