Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 1,736.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,053 shares of the company's stock after purchasing an additional 31,253 shares during the quarter. New York State Common Retirement Fund's holdings in Concentra Group Holdings Parent were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CON. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $49,000. Nisa Investment Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $59,000. GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $64,000. BNP Paribas Financial Markets purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $105,000. Finally, EMC Capital Management purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $122,000.

Concentra Group Holdings Parent Price Performance

NYSE CON traded down $0.48 during trading hours on Friday, hitting $22.26. The company had a trading volume of 1,076,105 shares, compared to its average volume of 740,072. 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 1-year low of $18.89 and a 1-year high of $24.81. The business has a 50 day moving average of $22.05 and a 200-day moving average of $21.74.

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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 (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. 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 will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America boosted their target price 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of "Buy" and an average target price of $28.63.

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.