Rhumbline Advisers Increases Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Rhumbline Advisers boosted its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 515.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 311,472 shares of the company's stock after purchasing an additional 260,838 shares during the period. Rhumbline Advisers owned approximately 0.24% of Concentra Group Holdings Parent worth $6,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth about $49,000. Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth about $59,000. GAMMA Investing LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $64,000. BNP Paribas Financial Markets purchased a new position in shares of Concentra Group Holdings Parent during the third quarter worth approximately $105,000. Finally, EMC Capital Management bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $122,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON traded down $0.12 on Friday, reaching $22.59. The company had a trading volume of 898,626 shares, compared to its average volume of 774,201. The company has a current ratio of 1.52, a quick 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. The firm's 50 day simple moving average is $21.88 and its 200-day simple moving average is $21.74.

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Wall Street Analyst Weigh In

CON has been the topic of several research reports. 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 restated an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $28.63.

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.