Summit X LLC Invests $240,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Summit X LLC acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,133 shares of the company's stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also made changes to their positions in CON. Oppenheimer Asset Management Inc. acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $675,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $36,672,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $4,244,000. Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $8,676,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $208,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CON shares. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America boosted their target price on shares of 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. Finally, Wells Fargo & Company decreased 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $28.38.

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Concentra Group Holdings Parent Stock Performance

CON traded up $0.13 on Friday, reaching $20.77. The stock had a trading volume of 706,210 shares, compared to its average volume of 743,901. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. 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 business's 50-day moving average price is $22.22 and its two-hundred day moving average price is $21.64. The company has a market cap of $2.64 billion and a P/E ratio of 13.75.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. Sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. Concentra Group Holdings Parent's payout ratio is 16.56%.

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.