LSV Asset Management Invests $3.15 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

LSV Asset Management acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 159,278 shares of the company's stock, valued at approximately $3,151,000. LSV Asset Management owned 0.13% of Concentra Group Holdings Parent as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CON. Smartleaf Asset Management LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at $30,000. Motco purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth $32,000. Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $59,000.

Concentra Group Holdings Parent Trading Down 1.2 %

Shares of NYSE:CON traded down $0.24 during trading hours on Friday, hitting $20.32. 813,300 shares of the company's stock traded hands, compared to its average volume of 776,909. The firm has a market capitalization of $2.59 billion and a P/E ratio of 13.46. The business has a fifty day moving average price of $21.66 and a 200-day moving average price of $21.25. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $465.00 million. Equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.23%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

Analyst Ratings Changes

CON has been the subject of several research analyst reports. 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. Bank of America increased 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. Wells Fargo & Company decreased their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus 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.