KLP Kapitalforvaltning AS Invests $487,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

KLP Kapitalforvaltning AS acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,623 shares of the company's stock, valued at approximately $487,000.

A number of other hedge funds also recently bought and sold shares of CON. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $1,337,000. Sei Investments Co. boosted its stake in Concentra Group Holdings Parent by 65.6% in the 4th quarter. Sei Investments Co. now owns 50,401 shares of the company's stock worth $997,000 after purchasing an additional 19,964 shares during the period. American Century Companies Inc. purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $1,041,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $457,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Concentra Group Holdings Parent by 6.9% in the fourth quarter. Teacher Retirement System of Texas now owns 427,570 shares of the company's stock valued at $8,457,000 after purchasing an additional 27,570 shares in the last quarter.

Concentra Group Holdings Parent Stock Down 2.2 %

NYSE:CON traded down $0.45 during mid-day trading on Tuesday, reaching $19.77. The stock had a trading volume of 668,370 shares, compared to its average volume of 778,022. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $2.52 billion and a P/E ratio of 13.09. The business's 50 day moving average is $22.11 and its 200 day moving average is $21.35. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

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

Concentra Group Holdings Parent Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.26%. Concentra Group Holdings Parent's dividend payout ratio is currently 16.56%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target 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. Wells Fargo & Company dropped 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 restated an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Finally, Bank of America boosted their price objective on shares of 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $28.50.

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.