Franklin Resources Inc. Raises Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Franklin Resources Inc. grew its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 20.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,946 shares of the company's stock after buying an additional 32,699 shares during the period. Franklin Resources Inc. owned 0.15% of Concentra Group Holdings Parent worth $3,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth $25,000. Motco acquired a new stake in Concentra Group Holdings Parent in the fourth quarter worth about $32,000. Empowered Funds LLC acquired a new stake in Concentra Group Holdings Parent in the fourth quarter worth about $49,000. Nisa Investment Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth about $59,000. Finally, GAMMA Investing LLC acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $64,000.

Concentra Group Holdings Parent Price Performance

Shares of CON stock traded down $0.02 on Tuesday, reaching $20.84. 620,592 shares of the company were exchanged, compared to its average volume of 778,097. The company has a market cap of $2.65 billion and a price-to-earnings ratio of 13.80. The business has a 50-day moving average price of $21.85 and a 200 day moving average price of $21.28. 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 quick ratio of 1.52 and a current ratio of 1.52.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its 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 business had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. Equities research analysts forecast 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 was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted 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 report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on 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. JPMorgan Chase & Co. lifted their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $28.50.

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.