Arizona State Retirement System Purchases New Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Arizona State Retirement System purchased a new stake 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 SEC. The fund purchased 33,220 shares of the company's stock, valued at approximately $657,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at approximately $44,395,000. JPMorgan Chase & Co. acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $46,003,000. Massachusetts Financial Services Co. MA acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $36,672,000. Charles Schwab Investment Management Inc. increased its holdings in Concentra Group Holdings Parent by 712.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company's stock valued at $30,489,000 after purchasing an additional 1,351,595 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $23,478,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CON shares. Bank of America lifted their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent has an average rating of "Buy" and an average target price of $28.38.

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Concentra Group Holdings Parent Stock Down 0.8 %

Shares of NYSE:CON traded down $0.18 during trading on Tuesday, hitting $20.86. The company's stock had a trading volume of 511,860 shares, compared to its average volume of 744,861. The company has a market capitalization of $2.66 billion and a PE ratio of 13.81. The business has a 50 day moving average price of $22.25 and a two-hundred day moving average price of $21.61. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. 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 (NYSE:CON - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.20%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 16.56%.

Concentra Group Holdings Parent Company 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.