New Age Alpha Advisors LLC Takes $289,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

New Age Alpha Advisors LLC acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,620 shares of the company's stock, valued at approximately $289,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $25,000. Motco acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth about $32,000. Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $49,000. Nisa Investment Advisors LLC acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $59,000. Finally, GAMMA Investing LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $64,000.

Concentra Group Holdings Parent Price Performance

Shares of CON stock traded down $1.48 on Friday, reaching $20.58. 1,321,600 shares of the company were exchanged, compared to its average volume of 776,902. 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 quick ratio of 1.52 and a current ratio of 1.52. The business has a 50-day moving average price of $22.33 and a 200 day moving average price of $21.40. The company has a market cap of $2.62 billion and a price-to-earnings ratio of 13.63.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted 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 firm had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. Equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is 16.56%.

Analyst Ratings Changes

Several research firms have recently weighed in on CON. 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 report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently has an average rating of "Buy" and a consensus 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.