Prudential Financial Inc. Makes New $2.17 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Prudential Financial Inc. acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 109,766 shares of the company's stock, valued at approximately $2,171,000. Prudential Financial Inc. owned approximately 0.09% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CON. Vanguard Group Inc. lifted its position in shares of Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock worth $243,741,000 after purchasing an additional 9,957,396 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $44,395,000. JPMorgan Chase & Co. purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $46,003,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Concentra Group Holdings Parent by 712.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company's stock valued at $30,489,000 after buying an additional 1,351,595 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Concentra Group Holdings Parent by 1,339.5% during the 4th quarter. Bank of New York Mellon Corp now owns 704,618 shares of the company's stock valued at $13,937,000 after acquiring an additional 655,669 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Bank of America increased 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $28.50.

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Concentra Group Holdings Parent Stock Performance

CON traded up $1.30 on Wednesday, hitting $21.13. The company had a trading volume of 687,184 shares, compared to its average volume of 777,514. The stock has a market cap of $2.69 billion and a price-to-earnings ratio of 13.99. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The company's fifty day moving average price is $22.02 and its 200 day moving average price is $21.34. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (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 the consensus estimate of $465.00 million. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.18%. Concentra Group Holdings Parent's payout ratio is presently 16.56%.

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.