Sei Investments Co. Purchases 19,964 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Sei Investments Co. raised its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 65.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,401 shares of the company's stock after acquiring an additional 19,964 shares during the period. Sei Investments Co.'s holdings in Concentra Group Holdings Parent were worth $997,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. bought a new stake in Concentra Group Holdings Parent in the 4th quarter worth about $1,041,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $457,000. Teacher Retirement System of Texas increased its position in shares of Concentra Group Holdings Parent by 6.9% during the fourth quarter. Teacher Retirement System of Texas now owns 427,570 shares of the company's stock valued at $8,457,000 after acquiring an additional 27,570 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth $721,000. Finally, Intech Investment Management LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter worth $912,000.

Concentra Group Holdings Parent Price Performance

CON traded down $0.15 during trading on Friday, reaching $20.21. 711,285 shares of the company were exchanged, compared to its average volume of 778,107. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company's 50-day moving average is $21.90 and its two-hundred day moving average is $21.30. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a market cap of $2.57 billion and a price-to-earnings ratio of 13.38.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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. Research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.24%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of 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. 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. Finally, JPMorgan Chase & Co. upped their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of "Buy" and an average target price of $28.50.

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.