Oppenheimer Asset Management Inc. Buys Shares of 30,194 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Oppenheimer Asset Management Inc. acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,194 shares of the company's stock, valued at approximately $675,000.

Separately, Seven Grand Managers LLC purchased a new position in Concentra Group Holdings Parent in the third quarter valued at $3,354,000.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a "buy" rating and a $32.00 price target for the company. Royal Bank of Canada dropped their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Bank of America cut Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $30.50 to $24.00 in a research report on Monday, October 7th. Mizuho initiated coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an "outperform" rating and a $28.00 price target on the stock. Finally, Wells Fargo & Company began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an "overweight" rating and a $27.00 price target 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, Concentra Group Holdings Parent has a consensus rating of "Moderate Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Stock Up 4.9 %

Shares of NYSE CON traded up $1.00 during midday trading on Wednesday, reaching $21.27. 1,585,878 shares of the company's stock were exchanged, compared to its average volume of 471,514. 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 debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The stock's fifty day moving average price is $21.18.

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, topping analysts' consensus estimates 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 for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, November 22nd. Investors of record on Wednesday, November 13th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, November 13th.

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.