Handelsbanken Fonder AB Invests $375,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Handelsbanken Fonder AB acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 18,972 shares of the company's stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CON. JPMorgan Chase & Co. purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $46,003,000. Loomis Sayles & Co. L P acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at $8,676,000. State Street Corp purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $6,804,000. Geode Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $11,122,000. Finally, Jane Street Group LLC acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $584,000.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock traded down $0.07 during mid-day trading on Thursday, hitting $22.78. 272,909 shares of the company were exchanged, compared to its average volume of 733,907. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The business's 50 day simple moving average is $22.01 and its two-hundred day simple moving average is $21.73. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its 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 firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. As a group, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

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Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.10%.

Wall Street Analyst Weigh In

CON has been the subject of a number of research analyst reports. Bank of America increased their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent has an average rating of "Buy" and an average target price of $28.63.

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.