Cramer Rosenthal Mcglynn LLC Reduces Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Cramer Rosenthal Mcglynn LLC reduced its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 19.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,427,202 shares of the company's stock after selling 354,084 shares during the quarter. Concentra Group Holdings Parent comprises approximately 1.6% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 22nd largest holding. Cramer Rosenthal Mcglynn LLC owned 1.12% of Concentra Group Holdings Parent worth $28,230,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Concentra Group Holdings Parent during the third quarter worth $105,000. State Street Corp purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $6,804,000. Jane Street Group LLC bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $584,000. Barclays PLC purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $710,000. Finally, Geode Capital Management LLC bought a new stake in Concentra Group Holdings Parent in the third quarter worth about $11,122,000.

Concentra Group Holdings Parent Stock Up 2.4 %

Shares of CON stock traded up $0.49 during trading hours on Wednesday, reaching $20.90. 163,275 shares of the company's stock were exchanged, compared to its average volume of 775,623. The stock's fifty day moving average price is $21.56 and its two-hundred day moving average price is $21.23. The stock has a market cap of $2.66 billion and a PE ratio of 13.84. 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 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. Research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio is presently 16.56%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America upped their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of 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, 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent 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.