Alliancebernstein L.P. Makes New $2.58 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Alliancebernstein L.P. acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 130,481 shares of the company's stock, valued at approximately $2,581,000. Alliancebernstein L.P. owned approximately 0.10% of Concentra Group Holdings Parent as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CON. Smartleaf Asset Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $25,000. Motco bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $32,000. Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter worth about $49,000. Nisa Investment Advisors LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $59,000. Finally, GAMMA Investing LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $64,000.

Concentra Group Holdings Parent Stock Performance

CON stock traded down $0.24 during midday trading on Friday, reaching $20.32. The stock had a trading volume of 813,300 shares, compared to its average volume of 776,909. 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 52-week low of $18.89 and a 52-week high of $24.81. The firm has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $21.24. The stock has a market cap of $2.59 billion and a PE ratio of 13.46.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued 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 business had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. As a group, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Wells Fargo & Company dropped their target price 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. Royal Bank of Canada reiterated 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, 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 research report on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus 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.