Massachusetts Financial Services Co. MA Increases Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Massachusetts Financial Services Co. MA grew its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,782,422 shares of the company's stock after purchasing an additional 142,363 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.40% of Concentra Group Holdings Parent worth $35,256,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CON. Smartleaf Asset Management LLC acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $25,000. Motco acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth $32,000. Empowered Funds LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $49,000. Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth about $59,000. Finally, GAMMA Investing LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $64,000.

Concentra Group Holdings Parent Stock Down 4.1 %

NYSE:CON traded down $0.87 during midday trading on Thursday, hitting $20.27. 74,577 shares of the company were exchanged, compared to its average volume of 773,669. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a market capitalization of $2.58 billion and a PE ratio of 13.47. 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 company has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $21.34.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. As a group, equities analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.23%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

Wall Street Analysts Forecast Growth

CON has been the subject of a number of research reports. Bank of America lifted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered 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 report on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $28.50.

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.