Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 18,556 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 18,556 shares of the company's stock, valued at approximately $367,000.

Other institutional investors have also recently made changes to their positions in the company. Summit X LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter worth about $240,000. Essex Investment Management Co. LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $2,148,000. AlphaQuest LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $313,000. Larson Financial Group LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $970,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $117,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Bank of America increased their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $28.50.

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Concentra Group Holdings Parent Trading Up 1.4 %

Shares of CON traded up $0.29 during trading hours on Thursday, hitting $21.76. The company had a trading volume of 498,958 shares, compared to its average volume of 814,261. The firm has a market cap of $2.77 billion and a P/E ratio of 14.41. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The stock's 50 day moving average price is $22.38 and its 200 day moving average price is $21.48. 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 announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. On average, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.15%. Concentra Group Holdings Parent's payout ratio is currently 16.56%.

Concentra Group Holdings Parent 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.