Geode Capital Management LLC Purchases 1,960,710 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Geode Capital Management LLC boosted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 394.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,458,020 shares of the company's stock after purchasing an additional 1,960,710 shares during the period. Geode Capital Management LLC owned about 1.93% of Concentra Group Holdings Parent worth $48,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $208,000. BNP Paribas Financial Markets acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $105,000. State Street Corp bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $6,804,000. Jane Street Group LLC acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $584,000. Finally, Barclays PLC bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $710,000.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock traded down $0.24 during mid-day trading on Friday, reaching $20.32. 813,300 shares of the company's stock were exchanged, compared to its average volume of 776,909. The firm has a market capitalization of $2.59 billion and a PE ratio of 13.46. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The business's fifty day simple moving average is $21.66 and its 200 day simple moving average is $21.24. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81.

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

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.23%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Analyst Ratings Changes

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

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.