Concentra Group Holdings Parent (NYSE:CON) Shares Gap Up Following Analyst Upgrade

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report)'s share price gapped up prior to trading on Thursday after Bank of America raised their price target on the stock from $24.00 to $25.00. The stock had previously closed at $22.14, but opened at $22.69. Bank of America currently has a buy rating on the stock. Concentra Group Holdings Parent shares last traded at $23.50, with a volume of 43,549 shares changing hands.

Separately, Royal Bank of Canada lowered their price objective on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent has a consensus rating of "Buy" and an average target price of $28.63.

Institutional Trading of Concentra Group Holdings Parent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Seven Grand Managers LLC bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $3,354,000. Oppenheimer Asset Management Inc. bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at $675,000. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at $36,672,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $4,244,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $8,676,000.

Concentra Group Holdings Parent Stock Performance

The company's 50-day simple moving average is $20.77. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. The company's revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

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.