497,310 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Purchased by Geode Capital Management LLC

Geode Capital Management LLC bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 497,310 shares of the company's stock, valued at approximately $11,122,000. Geode Capital Management LLC owned about 0.39% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CON. Barclays PLC acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $710,000. Jane Street Group LLC acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $584,000. Soros Fund Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $5,590,000. State Street Corp acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $6,804,000. Finally, Maven Securities LTD bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $1,230,000.

Analyst Ratings Changes

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

Concentra Group Holdings Parent Stock Performance

Shares of CON stock traded down $0.33 during trading hours on Wednesday, hitting $19.78. 754,985 shares of the company were exchanged, compared to its average volume of 710,517. The company's 50 day simple moving average is $20.67. 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, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast 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 declared an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

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.