AlphaQuest LLC Invests $313,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

AlphaQuest LLC acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,826 shares of the company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $25,000. Motco bought a new position in Concentra Group Holdings Parent during the 4th quarter worth about $32,000. Empowered Funds LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $49,000. Nisa Investment Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at about $59,000. Finally, GAMMA Investing LLC acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $64,000.

Analyst Upgrades and Downgrades

CON has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on 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. Bank of America boosted their price objective 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. Finally, 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $28.38.

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Concentra Group Holdings Parent Stock Down 0.8 %

CON traded down $0.18 during trading on Tuesday, reaching $20.86. 511,860 shares of the stock were exchanged, compared to its average volume of 744,861. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The stock's 50 day moving average price is $22.25 and its two-hundred day moving average price is $21.61. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The stock has a market cap of $2.66 billion and a P/E ratio of 13.81.

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, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. Equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

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

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.