Legal & General Group Plc Grows Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Legal & General Group Plc boosted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 382.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 302,834 shares of the company's stock after acquiring an additional 240,056 shares during the period. Legal & General Group Plc owned 0.24% of Concentra Group Holdings Parent worth $5,990,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CON. State Street Corp bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $6,804,000. Jane Street Group LLC bought a new position in Concentra Group Holdings Parent during the third quarter worth about $584,000. Barclays PLC purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $710,000. Geode Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $11,122,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $3,336,000.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock traded down $0.24 during midday trading on Friday, hitting $21.02. 70,603 shares of the company's stock were exchanged, compared to its average volume of 775,781. The company has a market cap of $2.68 billion and a P/E ratio of 13.92. 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 stock has a 50-day moving average price of $21.50 and a two-hundred day moving average price of $21.24. 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 results on Monday, March 3rd. The company reported $0.17 earnings per share (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 the consensus estimate of $465.00 million. On average, equities research analysts forecast 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 paid 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 yield of 1.19%. Concentra Group Holdings Parent's dividend payout ratio is presently 16.56%.

Analyst Upgrades and Downgrades

A number of research analysts 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 lifted their price target 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. Wells Fargo & Company dropped their price objective 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. Finally, JPMorgan Chase & Co. lifted their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target 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.