Corebridge Financial Inc. Acquires 46,397 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Corebridge Financial Inc. raised its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 382.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 58,544 shares of the company's stock after acquiring an additional 46,397 shares during the period. Corebridge Financial Inc.'s holdings in Concentra Group Holdings Parent were worth $1,158,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $25,000. Motco bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $32,000. Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $49,000. Nisa Investment Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at about $59,000. Finally, GAMMA Investing LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth about $64,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CON shares. JPMorgan Chase & Co. boosted their price target on 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. Wells Fargo & Company lowered their target price 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. Bank of America increased their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $28.50.

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Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $1.30 on Wednesday, reaching $21.13. The stock had a trading volume of 687,184 shares, compared to its average volume of 777,514. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $2.69 billion and a P/E ratio of 13.99. The firm has a fifty day moving average of $22.02 and a two-hundred day moving average of $21.34.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 16.56%.

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.