Huber Capital Management LLC Purchases Shares of 31,667 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Huber Capital Management LLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,667 shares of the company's stock, valued at approximately $626,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock worth $243,741,000 after buying an additional 9,957,396 shares during the last quarter. Norges Bank bought a new position in Concentra Group Holdings Parent in the 4th quarter worth $46,270,000. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth $44,395,000. JPMorgan Chase & Co. acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth $46,003,000. Finally, Geode Capital Management LLC boosted its holdings in Concentra Group Holdings Parent by 394.3% during the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company's stock valued at $48,631,000 after acquiring an additional 1,960,710 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America boosted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of "Buy" and an average price target of $28.50.

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Concentra Group Holdings Parent Price Performance

Shares of CON stock traded up $0.08 during mid-day trading on Tuesday, reaching $20.30. The company's stock had a trading volume of 160,473 shares, compared to its average volume of 811,078. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The firm's 50-day moving average is $22.26 and its two-hundred day moving average is $21.39. 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 market cap of $2.59 billion and a P/E ratio of 13.44.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 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 the consensus estimate of $465.00 million. On average, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

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.