Loomis Sayles & Co. L P Has $15.27 Million Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Loomis Sayles & Co. L P increased its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 99.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 772,126 shares of the company's stock after purchasing an additional 384,129 shares during the period. Loomis Sayles & Co. L P owned approximately 0.61% of Concentra Group Holdings Parent worth $15,273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CON. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $46,003,000. State Street Corp acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $6,804,000. Geode Capital Management LLC bought a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $11,122,000. Jane Street Group LLC acquired a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $584,000. Finally, Barclays PLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth $710,000.

Concentra Group Holdings Parent Trading Up 0.4 %

CON traded up $0.09 during trading on Wednesday, reaching $22.11. 305,685 shares of the company's stock were exchanged, compared to its average volume of 769,596. 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 firm has a fifty day moving average price of $22.41 and a two-hundred day moving average price of $21.44. The stock has a market capitalization of $2.81 billion and a PE ratio of 14.61.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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. As a group, equities research 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. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio is currently 16.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CON shares. Wells Fargo & Company lowered their price target 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 reissued an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report 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 research report on Wednesday, March 19th. Finally, Bank of America increased their price objective on shares of 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus 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.