Concentra Group Holdings Parent (NYSE:CON) Stock Price Down 3.3% - Time to Sell?

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) shares dropped 3.3% on Friday . The stock traded as low as $21.62 and last traded at $21.67. Approximately 255,722 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 598,667 shares. The stock had previously closed at $22.42.

Wall Street Analyst Weigh In

CON has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an "overweight" rating and a $29.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a "buy" rating and a $32.00 target price on the stock. Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a "buy" rating and a $29.00 target price for the company. Wells Fargo & Company assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an "overweight" rating and a $27.00 price target on the stock. Finally, Royal Bank of Canada cut their price objective on 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of "Moderate Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

The company's 50 day moving average price is $21.06. 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 (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The company's quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA bought a new stake in Concentra Group Holdings Parent in the third quarter valued at about $36,672,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent during the third quarter valued at approximately $23,478,000. Geode Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $11,122,000. Loomis Sayles & Co. L P acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $8,676,000. Finally, Public Sector Pension Investment Board bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $7,788,000.

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.