Swiss National Bank Acquires Shares of 225,235 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Swiss National Bank bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 225,235 shares of the company's stock, valued at approximately $4,455,000. Swiss National Bank owned 0.18% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $25,000. Motco acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth about $32,000. Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $49,000. Nisa Investment Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $59,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $64,000.

Concentra Group Holdings Parent Trading Down 1.6 %

NYSE:CON traded down $0.34 during mid-day trading on Friday, reaching $21.44. The company's stock had a trading volume of 83,210 shares, compared to its average volume of 770,325. 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 has a market cap of $2.73 billion and a P/E ratio of 14.20. The company's fifty day simple moving average is $22.40 and its two-hundred day simple moving average is $21.48. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

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Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. On average, equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is currently 16.56%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CON. Bank of America raised their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Wells Fargo & Company cut their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $28.50.

About Concentra Group Holdings Parent

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.