State Street Corp Buys New Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

State Street Corp 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 & Exchange Commission. The fund acquired 304,299 shares of the company's stock, valued at approximately $6,804,000. State Street Corp owned approximately 0.24% of Concentra Group Holdings Parent as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $105,000. The Manufacturers Life Insurance Company acquired a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at about $208,000. MetLife Investment Management LLC bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $297,000. Verition Fund Management LLC acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $661,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $675,000.

Concentra Group Holdings Parent Stock Down 1.0 %

CON traded down $0.21 on Friday, hitting $20.39. The company had a trading volume of 416,429 shares, compared to its average volume of 710,281. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The stock's fifty day simple moving average is $20.72.

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

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, November 22nd. Investors 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.

Wall Street Analyst Weigh In

CON has been the subject of several analyst reports. Bank of America raised Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a report on Monday, December 16th. Royal Bank of Canada reduced their price objective on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus 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.