Advantage Alpha Capital Partners LP Invests $3.16 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Advantage Alpha Capital Partners LP acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 141,435 shares of the company's stock, valued at approximately $3,162,000. Advantage Alpha Capital Partners LP owned about 0.11% of Concentra Group Holdings Parent at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Seven Grand Managers LLC purchased a new position in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $3,354,000. Oppenheimer Asset Management Inc. acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $675,000. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $36,672,000. Charles Schwab Investment Management Inc. acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth $4,244,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $8,676,000.

Concentra Group Holdings Parent Price Performance

NYSE CON traded up $0.96 during trading hours on Tuesday, hitting $23.09. 8,591,753 shares of the company were exchanged, compared to its average volume of 580,825. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The company's 50 day simple moving average is $21.11. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million for the quarter, compared to analysts' expectations of $492.61 million. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

Wall Street Analysts Forecast Growth

CON has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a "buy" rating and a $29.00 price target on the stock. Truist Financial assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $29.00 price target for the company. The Goldman Sachs Group began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a "buy" rating and a $32.00 target price on the stock. Bank of America downgraded shares of Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and cut their price target for the stock from $30.50 to $24.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada lowered their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.