Sovereign Financial Group Inc. Invests $402,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Sovereign Financial Group Inc. purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,329 shares of the company's stock, valued at approximately $402,000.

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

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock traded up $0.18 during mid-day trading on Thursday, hitting $21.02. The company's stock had a trading volume of 374,831 shares, compared to its average volume of 656,853. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company has a 50 day simple moving average of $20.58. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

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

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared 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 of this dividend was Wednesday, November 13th.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America raised Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Monday, December 16th. Royal Bank of Canada reduced 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 research note on Monday, November 4th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target 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.