Syquant Capital Sas Takes $1.46 Million Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Syquant Capital Sas purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 73,893 shares of the company's stock, valued at approximately $1,462,000. Concentra Group Holdings Parent comprises approximately 2.1% of Syquant Capital Sas' portfolio, making the stock its 5th biggest position. Syquant Capital Sas owned about 0.06% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CON. GAMMA Investing LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $64,000. BNP Paribas Financial Markets bought a new stake in Concentra Group Holdings Parent in the third quarter worth $105,000. The Manufacturers Life Insurance Company purchased a new stake in Concentra Group Holdings Parent during the third quarter valued at about $208,000. Everence Capital Management Inc. bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $269,000. Finally, MetLife Investment Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at about $297,000.

Concentra Group Holdings Parent Trading Up 4.7 %

Shares of CON traded up $0.93 on Monday, reaching $20.66. The stock had a trading volume of 505,642 shares, compared to its average volume of 732,739. The company's 50-day moving average price is $20.51. 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 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 issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) 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 the consensus estimate of $492.61 million. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CON shares. 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 research note on Monday, December 16th. Royal Bank of Canada dropped their price objective on 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 research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average 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.