Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 2,178.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,064 shares of the company's stock after purchasing an additional 23,964 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Concentra Group Holdings Parent were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth $44,395,000. JPMorgan Chase & Co. purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $46,003,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $36,672,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $30,489,000 after purchasing an additional 1,351,595 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $23,478,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CON shares. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday. Bank of America raised their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $28.50.

Remove Ads

Concentra Group Holdings Parent Stock Up 1.4 %

NYSE:CON traded up $0.29 during mid-day trading on Thursday, hitting $21.31. 591,008 shares of the company's stock traded hands, compared to its average volume of 744,963. The company has a fifty day moving average of $22.29 and a 200 day moving average of $21.58. 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, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a market capitalization of $2.71 billion and a P/E ratio of 14.12.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. On average, analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.0625 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.17%. Concentra Group Holdings Parent's dividend payout ratio is currently 16.56%.

About Concentra Group Holdings Parent

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.