Teacher Retirement System of Texas Purchases 27,570 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Teacher Retirement System of Texas increased its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 427,570 shares of the company's stock after acquiring an additional 27,570 shares during the period. Teacher Retirement System of Texas owned about 0.34% of Concentra Group Holdings Parent worth $8,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth $721,000. Intech Investment Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $912,000. Thrivent Financial for Lutherans purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $1,655,000. Cibc World Markets Corp bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $204,000. Finally, Royce & Associates LP purchased a new stake in Concentra Group Holdings Parent in the fourth quarter worth approximately $5,865,000.

Analyst Ratings Changes

A number of research analysts have weighed in on CON shares. Bank of America increased their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Wells Fargo & Company cut their price objective 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, March 12th. Finally, JPMorgan Chase & Co. lifted their target price on 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of "Buy" and an average price target of $28.50.

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Concentra Group Holdings Parent Price Performance

NYSE:CON traded up $0.29 during trading hours on Thursday, reaching $21.76. The stock had a trading volume of 498,958 shares, compared to its average volume of 743,741. 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 has a market capitalization of $2.77 billion and a PE ratio of 14.41. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company has a 50 day moving average price of $22.38 and a two-hundred day moving average price of $21.48.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.15%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

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.