Arrowstreet Capital Limited Partnership Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Arrowstreet Capital Limited Partnership purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 499,297 shares of the company's stock, valued at approximately $9,876,000. Arrowstreet Capital Limited Partnership owned approximately 0.39% of Concentra Group Holdings Parent as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. purchased a new position in Concentra Group Holdings Parent in the third quarter valued at $4,244,000. The Manufacturers Life Insurance Company purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $208,000. BNP Paribas Financial Markets acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth about $105,000. MetLife Investment Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth approximately $297,000. Finally, Verition Fund Management LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $661,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on CON. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America boosted 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 note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their price target on 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $28.50.

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Concentra Group Holdings Parent Stock Performance

NYSE CON traded down $0.15 during trading hours on Friday, hitting $20.21. The company had a trading volume of 711,285 shares, compared to its average volume of 778,107. The business has a 50 day moving average of $21.90 and a 200-day moving average of $21.30. The company has a market cap of $2.57 billion and a PE ratio of 13.38. 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 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 announced its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. As a group, equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.24%. 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.