348,315 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 348,315 shares of the company's stock, valued at approximately $7,788,000. Public Sector Pension Investment Board owned approximately 0.27% of Concentra Group Holdings Parent as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CON. BNP Paribas Financial Markets purchased a new position in Concentra Group Holdings Parent in the third quarter worth $105,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth $208,000. MetLife Investment Management LLC purchased a new position in Concentra Group Holdings Parent during the 3rd quarter worth $297,000. Oppenheimer Asset Management Inc. acquired a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $675,000. Finally, Advantage Alpha Capital Partners LP purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at about $3,162,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CON. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a "buy" rating and a $29.00 price objective on the stock. Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a "buy" rating and a $29.00 price objective for the company. The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $32.00 target price on the stock. Wells Fargo & Company started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "overweight" rating and a $27.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Concentra Group Holdings Parent has an average rating of "Moderate Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Stock Down 2.7 %

Shares of CON traded down $0.60 during mid-day trading on Friday, reaching $21.82. The company had a trading volume of 2,078,353 shares, compared to its average volume of 620,733. The company has a 50 day moving average price of $21.06. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

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