Sippican Capital Advisors Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Sippican Capital Advisors bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,764 shares of the company's stock, valued at approximately $213,000.

A number of other hedge funds have also added to or reduced their stakes in CON. JPMorgan Chase & Co. bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at about $46,003,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth $23,478,000. Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth $11,122,000. Finally, Loomis Sayles & Co. L P bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $8,676,000.

Wall Street Analysts Forecast Growth

CON has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America increased their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $28.63.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock traded down $0.04 during trading on Monday, hitting $23.27. The stock had a trading volume of 415,883 shares, compared to its average volume of 826,152. 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's 50 day moving average price is $21.07. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

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.