Larson Financial Group LLC Purchases New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Larson Financial Group LLC purchased a new stake 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 purchased 49,054 shares of the company's stock, valued at approximately $970,000.

A number of other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $25,000. Motco bought a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $32,000. Empowered Funds LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $49,000. Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $59,000. Finally, GAMMA Investing LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter worth $64,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America boosted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $28.38.

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Concentra Group Holdings Parent Stock Performance

Shares of CON traded up $0.01 during mid-day trading on Thursday, reaching $20.63. 1,024,309 shares of the company's stock traded hands, compared to its average volume of 744,235. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The stock has a market capitalization of $2.63 billion and a P/E ratio of 13.66. The business's 50-day moving average price is $22.17 and its 200-day moving average price is $21.68. 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 issued its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. Equities 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.21%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 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.