Advantage Alpha Capital Partners LP Trims Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Advantage Alpha Capital Partners LP trimmed its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,013 shares of the company's stock after selling 20,422 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.10% of Concentra Group Holdings Parent worth $2,394,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $25,000. Motco purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $32,000. Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $49,000. Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $59,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $64,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CON shares. JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Bank of America boosted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating 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, Concentra Group Holdings Parent currently has an average rating of "Buy" and a consensus price target of $28.50.

Remove Ads

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON traded down $0.31 during midday trading on Friday, hitting $21.47. The stock had a trading volume of 377,203 shares, compared to its average volume of 772,032. 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 current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a 50 day moving average price of $22.40 and a two-hundred day moving average price of $21.47. The company has a market capitalization of $2.73 billion and a PE ratio of 14.22.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. As a group, equities 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 will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.16%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

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.