Knights of Columbus Asset Advisors LLC Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 67,577 shares of the company's stock, valued at approximately $1,337,000. Knights of Columbus Asset Advisors LLC owned about 0.05% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $25,000. Motco bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $32,000. Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $49,000. Nisa Investment Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $59,000. Finally, GAMMA Investing LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $64,000.

Analyst Ratings Changes

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

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Concentra Group Holdings Parent Stock Up 1.4 %

Shares of CON stock traded up $0.29 during trading hours on Thursday, reaching $21.76. The company had a trading volume of 498,958 shares, compared to its average volume of 743,741. 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 business has a fifty day simple moving average of $22.40 and a 200-day simple moving average of $21.48. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 14.41.

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

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 1.15%. Concentra Group Holdings Parent's dividend payout ratio is presently 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.