Principal Financial Group Inc. Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Principal Financial Group Inc. bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,243,954 shares of the company's stock, valued at approximately $44,395,000. Principal Financial Group Inc. owned about 1.76% of Concentra Group Holdings Parent as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $46,003,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $36,672,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $23,478,000. Geode Capital Management LLC purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $11,122,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000.

Concentra Group Holdings Parent Trading Down 2.1 %

Shares of CON stock traded down $0.48 on Friday, hitting $22.93. The company had a trading volume of 535,353 shares, compared to its average volume of 784,907. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a 50-day moving average price of $21.60 and a 200-day moving average price of $21.74. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Analyst Ratings Changes

Several research firms have commented on CON. Bank of America raised their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $28.63.

Concentra Group Holdings Parent Company 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.