Maryland State Retirement & Pension System Makes New $721,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Maryland State Retirement & Pension System purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 36,452 shares of the company's stock, valued at approximately $721,000.

Several other institutional investors and hedge funds have also made changes to their positions in CON. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $46,003,000. Loomis Sayles & Co. L P bought a new position in Concentra Group Holdings Parent during the third quarter valued at about $8,676,000. State Street Corp acquired a new position in Concentra Group Holdings Parent in the third quarter worth approximately $6,804,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $11,122,000. Finally, Jane Street Group LLC acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $584,000.

Concentra Group Holdings Parent Price Performance

NYSE:CON traded down $0.31 during mid-day trading on Friday, reaching $21.47. 377,203 shares of the company were exchanged, compared to its average volume of 772,032. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a market cap of $2.73 billion and a PE ratio of 14.22. The company has a fifty day moving average of $22.40 and a 200 day moving average of $21.47. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its 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 analyst estimates of $465.00 million. On average, research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.16%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CON shares. Wells Fargo & Company cut their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Finally, Bank of America boosted 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 report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent presently 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.