Soros Fund Management LLC Buys New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Soros Fund Management LLC acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 250,000 shares of the company's stock, valued at approximately $5,590,000. Soros Fund Management LLC owned 0.20% of Concentra Group Holdings Parent at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $8,676,000. Fred Alger Management LLC bought a new stake in Concentra Group Holdings Parent in the third quarter worth about $689,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $675,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $23,478,000. Finally, Maven Securities LTD purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter worth approximately $1,230,000.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a "buy" rating and a $29.00 price target on the stock. Bank of America lowered Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and cut their price target for the company from $30.50 to $24.00 in a research note on Monday, October 7th. Royal Bank of Canada dropped their target price on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Mizuho began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an "outperform" rating and a $28.00 price target for the company. Finally, Wells Fargo & Company started coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an "overweight" rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON traded down $0.42 during mid-day trading on Friday, hitting $20.00. The stock had a trading volume of 536,000 shares, compared to its average volume of 665,567. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The stock's 50 day moving average price is $20.92. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued 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 business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The company's revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

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.