Massachusetts Financial Services Co. MA Acquires Shares of 1,640,059 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,640,059 shares of the company's stock, valued at approximately $36,672,000. Massachusetts Financial Services Co. MA owned 1.29% of Concentra Group Holdings Parent at the end of the most recent reporting period.

Separately, Oppenheimer Asset Management Inc. purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $675,000.

Concentra Group Holdings Parent Trading Up 1.7 %

Shares of NYSE CON traded up $0.38 during mid-day trading on Monday, reaching $22.28. 694,849 shares of the company were exchanged, compared to its average volume of 479,870. The business has a 50-day simple moving average of $21.14. 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 results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analysts' expectations of $492.61 million. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

Analysts Set New Price Targets

Several research firms recently commented on CON. Truist Financial began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a "buy" rating and a $29.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $29.00 target price for the company. Bank of America downgraded Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and lowered their target price for the company from $30.50 to $24.00 in a research report on Monday, October 7th. Mizuho began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an "outperform" rating and a $28.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a "buy" rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.50.

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.