Charles Schwab Investment Management Inc. Acquires 1,351,595 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Charles Schwab Investment Management Inc. lifted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 712.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,541,405 shares of the company's stock after acquiring an additional 1,351,595 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.21% of Concentra Group Holdings Parent worth $30,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $46,003,000. Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $8,676,000. State Street Corp bought a new stake in Concentra Group Holdings Parent in the third quarter worth $6,804,000. Geode Capital Management LLC bought a new position in Concentra Group Holdings Parent during the third quarter valued at about $11,122,000. Finally, Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $584,000.

Concentra Group Holdings Parent Price Performance

NYSE CON traded up $0.27 during trading hours on Thursday, reaching $21.29. 348,736 shares of the company's stock were exchanged, compared to its average volume of 744,166. The firm has a fifty day moving average of $22.29 and a 200-day moving average of $21.58. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The stock has a market cap of $2.71 billion and a PE ratio of 14.14.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly 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 company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. On average, equities research analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is 16.56%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price 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. Royal Bank of Canada restated 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. upped their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Bank of America lifted 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 report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $28.50.

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.