Essex Investment Management Co. LLC Makes New $2.15 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Essex Investment Management Co. LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 108,586 shares of the company's stock, valued at approximately $2,148,000. Essex Investment Management Co. LLC owned 0.09% of Concentra Group Holdings Parent at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AlphaQuest LLC bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at $313,000. Larson Financial Group LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $970,000. PNC Financial Services Group Inc. bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth $117,000. Dana Investment Advisors Inc. purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth about $4,527,000. Finally, Arizona State Retirement System bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $657,000.

Wall Street Analysts Forecast Growth

CON has been the subject of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America lifted their price objective 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, Wells Fargo & Company dropped their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $28.38.

Remove Ads

Concentra Group Holdings Parent Trading Up 0.0 %

Concentra Group Holdings Parent stock traded up $0.01 during mid-day trading on Thursday, reaching $20.63. 1,040,952 shares of the company traded hands, compared to its average volume of 744,237. The firm's 50 day moving average price is $22.17 and its 200 day moving average price is $21.68. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week 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 firm has a market capitalization of $2.63 billion and a price-to-earnings ratio of 13.66.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (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 the consensus estimate of $465.00 million. On average, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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 dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is 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.