Russell Investments Group Ltd. Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Russell Investments Group Ltd. bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,074 shares of the company's stock, valued at approximately $733,000.

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

Concentra Group Holdings Parent Price Performance

CON stock opened at $20.39 on Wednesday. The business's fifty day moving average price is $21.56 and its 200 day moving average price is $21.23. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a market capitalization of $2.60 billion and a PE ratio of 13.50.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. On average, sell-side analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.23%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Wall Street Analysts Forecast Growth

CON has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Wells Fargo & Company decreased their price target 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. Finally, 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 research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $28.50.

About Concentra Group Holdings Parent

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.