Natixis Advisors LLC Buys Shares of 29,209 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Natixis Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,209 shares of the company's stock, valued at approximately $578,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $25,000. Motco bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $32,000. Empowered Funds LLC acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $49,000. Nisa Investment Advisors LLC bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $59,000. Finally, GAMMA Investing LLC acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $64,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON traded up $0.27 on Monday, reaching $21.71. 897,760 shares of the company's stock traded hands, compared to its average volume of 772,767. The stock's 50 day simple moving average is $22.42 and its two-hundred day simple moving average is $21.45. The stock has a market cap of $2.76 billion and a PE ratio of 14.38. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company 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 $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.15%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Wells Fargo & Company lowered 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 report on Wednesday, March 12th. Bank of America lifted their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. 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 report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent presently has an average rating of "Buy" and a consensus price target of $28.50.

About Concentra Group Holdings Parent

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.