JPMorgan Chase & Co. Boosts Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

JPMorgan Chase & Co. lifted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 57.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,245,943 shares of the company's stock after acquiring an additional 1,188,585 shares during the quarter. JPMorgan Chase & Co. owned 2.55% of Concentra Group Holdings Parent worth $64,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $25,000. Motco bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth $32,000. Empowered Funds LLC purchased a new stake in Concentra Group Holdings Parent during the fourth quarter valued at $49,000. Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $59,000. Finally, GAMMA Investing LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $64,000.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock traded up $1.30 during mid-day trading on Wednesday, hitting $21.13. The stock had a trading volume of 687,184 shares, compared to its average volume of 777,514. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year 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 firm has a market capitalization of $2.69 billion and a P/E ratio of 13.99. The firm's 50 day moving average is $22.02 and its 200 day moving average is $21.34.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $465.00 million. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 16.56%.

Wall Street Analyst Weigh In

CON has been the topic of several recent research reports. Bank of America increased their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their price objective on 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price 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.