Maven Securities LTD Purchases Shares of 55,000 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Maven Securities LTD bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,000 shares of the company's stock, valued at approximately $1,230,000.

Several other institutional investors and hedge funds have also modified their holdings of CON. PFM Health Sciences LP acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $6,708,000. Fred Alger Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth approximately $689,000. Verition Fund Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $661,000. Public Sector Pension Investment Board bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $7,788,000. Finally, MetLife Investment Management LLC bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $297,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON traded down $0.94 during mid-day trading on Thursday, reaching $20.42. The stock had a trading volume of 1,504,277 shares, compared to its average volume of 667,229. The stock has a 50 day moving average of $20.92. 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, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The company's revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

Analysts Set New Price Targets

Several research firms have issued reports on CON. Truist Financial assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a "buy" rating and a $29.00 price objective on the stock. Bank of America cut Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and decreased their price target for the company from $30.50 to $24.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a "buy" rating and a $29.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "overweight" rating and a $29.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a "buy" rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.