Charles Schwab Investment Management Inc. Invests $4.24 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Charles Schwab Investment Management Inc. purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 189,810 shares of the company's stock, valued at approximately $4,244,000. Charles Schwab Investment Management Inc. owned 0.15% of Concentra Group Holdings Parent at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth $675,000. Seven Grand Managers LLC acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $3,354,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $36,672,000.

Concentra Group Holdings Parent Stock Performance

CON stock traded up $0.32 during midday trading on Friday, hitting $20.50. 910,678 shares of the stock were exchanged, compared to its average volume of 693,854. 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 fifty-two week low of $18.89 and a fifty-two week high of $24.81. The stock's 50-day moving average is $20.75.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The company's revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast 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 announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CON shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a "buy" rating and a $29.00 price target on the stock. The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a "buy" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an "overweight" rating and a $29.00 target price for the company. Wells Fargo & Company assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "overweight" rating and a $27.00 price target on the stock. Finally, Bank of America cut Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $30.50 to $24.00 in a research note on Monday, October 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of "Moderate Buy" and a consensus price target of $28.50.

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.