32,575 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Purchased by Argent Capital Management LLC

Argent Capital Management LLC bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,575 shares of the company's stock, valued at approximately $644,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $46,003,000. Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $8,676,000. State Street Corp purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $6,804,000. Geode Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $11,122,000. Finally, Jane Street Group LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $584,000.

Analysts Set New Price Targets

CON has been the subject of several recent research reports. Bank of America upgraded Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Monday, December 16th. Royal Bank of Canada cut their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

NYSE CON traded up $0.18 during trading on Thursday, hitting $21.02. 374,811 shares of the company traded hands, compared to its average volume of 656,851. The business's fifty day simple moving average is $20.56. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

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.