Bank of Montreal Can Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Bank of Montreal Can purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,396 shares of the company's stock, valued at approximately $384,000.

A number of other institutional investors have also bought and sold shares of CON. JPMorgan Chase & Co. purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $46,003,000. State Street Corp purchased a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $6,804,000. Geode Capital Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $11,122,000. Jane Street Group LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $584,000. Finally, Barclays PLC purchased a new stake in Concentra Group Holdings Parent in the third quarter worth $710,000.

Analyst Upgrades and Downgrades

CON has been the topic of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped 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. Bank of America boosted their price objective 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. Finally, Wells Fargo & Company decreased their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

CON stock opened at $20.39 on Wednesday. The company has a market capitalization of $2.60 billion and a PE ratio of 13.50. 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 current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The business's fifty day moving average price is $21.56 and its 200 day moving average price is $21.23.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. On average, sell-side analysts anticipate 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 paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 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.

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