Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $457,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,108 shares of the company's stock, valued at approximately $457,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $44,395,000. JPMorgan Chase & Co. acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $46,003,000. Charles Schwab Investment Management Inc. grew its stake in shares of Concentra Group Holdings Parent by 712.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company's stock worth $30,489,000 after acquiring an additional 1,351,595 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth about $23,478,000. Finally, Bank of New York Mellon Corp increased its holdings in Concentra Group Holdings Parent by 1,339.5% in the fourth quarter. Bank of New York Mellon Corp now owns 704,618 shares of the company's stock valued at $13,937,000 after buying an additional 655,669 shares during the last quarter.

Wall Street Analysts Forecast Growth

CON has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Bank of America raised their price target 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. Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $28.50.

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Concentra Group Holdings Parent Stock Up 1.3 %

Shares of Concentra Group Holdings Parent stock traded up $0.27 during trading on Monday, reaching $21.71. The company had a trading volume of 897,760 shares, compared to its average volume of 772,767. 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 firm's fifty day moving average is $22.42 and its 200-day moving average is $21.45. The company has a market cap of $2.76 billion and a price-to-earnings ratio of 14.38.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate 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. On average, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. Concentra Group Holdings Parent's dividend payout ratio is currently 16.56%.

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.