Royce & Associates LP Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Royce & Associates LP purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 296,536 shares of the company's stock, valued at approximately $5,865,000. Royce & Associates LP owned approximately 0.23% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $25,000. Motco acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $32,000. Empowered Funds LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $49,000. Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $59,000. Finally, GAMMA Investing LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $64,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on CON shares. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday. Bank of America lifted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent has an average rating of "Buy" and a consensus price target of $28.50.

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Concentra Group Holdings Parent Stock Down 2.1 %

NYSE:CON traded down $0.45 on Friday, hitting $20.85. 1,431,087 shares of the company's stock traded hands, compared to its average volume of 748,558. 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 1 year low of $18.89 and a 1 year high of $24.81. The firm has a 50-day moving average price of $22.34 and a 200-day moving average price of $21.54. The company has a market cap of $2.65 billion and a PE ratio of 13.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. Equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.20%. Concentra Group Holdings Parent's payout ratio is 16.56%.

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.