Illinois Municipal Retirement Fund Takes $1.23 Million Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Illinois Municipal Retirement Fund purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,238 shares of the company's stock, valued at approximately $1,231,000.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $49,000. Nisa Investment Advisors LLC bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at $59,000. GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at $64,000. BNP Paribas Financial Markets bought a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $105,000. Finally, EMC Capital Management purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth about $122,000.

Concentra Group Holdings Parent Trading Up 2.0 %

Shares of NYSE:CON traded up $0.45 during trading hours on Wednesday, hitting $22.89. The company's stock had a trading volume of 1,324,716 shares, compared to its average volume of 737,855. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The firm's fifty day moving average price is $21.96 and its 200 day moving average price is $21.72. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. On average, sell-side analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Remove Ads

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 1.09%.

Analyst Ratings Changes

CON has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America upped their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $28.63.

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.