Louisiana State Employees Retirement System Buys New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Louisiana State Employees Retirement System acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,400 shares of the company's stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $49,000. Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $59,000. GAMMA Investing LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $64,000. BNP Paribas Financial Markets purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $105,000. Finally, EMC Capital Management purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $122,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CON. Bank of America raised their price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $28.63.

Concentra Group Holdings Parent Stock Down 2.1 %

Concentra Group Holdings Parent stock traded down $0.48 during midday trading on Friday, reaching $22.93. 535,353 shares of the company traded hands, compared to its average volume of 784,907. The business has a 50 day moving average of $21.60 and a two-hundred day moving average of $21.74. 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 quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent 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.