Franklin Resources Inc. Buys Shares of 159,247 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Franklin Resources Inc. acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 159,247 shares of the company's stock, valued at approximately $3,336,000. Franklin Resources Inc. owned approximately 0.13% of Concentra Group Holdings Parent as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth about $105,000. The Manufacturers Life Insurance Company acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $208,000. MetLife Investment Management LLC purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $297,000. Jane Street Group LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $584,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $661,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CON shares. Bank of America raised shares of Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research note on Monday, December 16th. Royal Bank of Canada cut their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Stock Up 0.9 %

Concentra Group Holdings Parent stock traded up $0.18 during midday trading on Wednesday, hitting $20.48. The stock had a trading volume of 151,999 shares, compared to its average volume of 717,074. The business's fifty day moving average is $20.74. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. 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 released 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 business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The firm's revenue was up 3.3% compared to the same quarter last year. On average, sell-side 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 announced an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

About Concentra Group Holdings Parent

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.