M&T Bank Corp Purchases New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

M&T Bank Corp purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,462 shares of the company's stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $533,000. Charles Schwab Investment Management Inc. boosted its position in Concentra Group Holdings Parent by 712.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company's stock valued at $30,489,000 after purchasing an additional 1,351,595 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $25,000. Mutual of America Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $324,000. Finally, Motco acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $32,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON traded up $0.25 during trading hours on Monday, hitting $21.04. The company had a trading volume of 1,143,732 shares, compared to its average volume of 746,385. The business has a fifty day moving average of $22.22 and a 200-day moving average of $21.63. 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 firm has a market cap of $2.68 billion and a price-to-earnings ratio of 13.94. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. Equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.19%. Concentra Group Holdings Parent's payout ratio is currently 16.56%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CON. Bank of America increased their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of "Buy" and an average price target of $28.38.

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.