83,666 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought 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 disclosure with the Securities and Exchange Commission. The fund bought 83,666 shares of the company's stock, valued at approximately $1,655,000. Thrivent Financial for Lutherans owned approximately 0.07% of Concentra Group Holdings Parent as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CON. Principal Financial Group Inc. purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $44,395,000. JPMorgan Chase & Co. purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $46,003,000. Charles Schwab Investment Management Inc. grew its position in shares of Concentra Group Holdings Parent by 712.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company's stock valued at $30,489,000 after purchasing an additional 1,351,595 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Concentra Group Holdings Parent by 1,339.5% in the fourth quarter. Bank of New York Mellon Corp now owns 704,618 shares of the company's stock worth $13,937,000 after purchasing an additional 655,669 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter worth $11,122,000.

Concentra Group Holdings Parent Price Performance

Shares of CON stock traded up $0.51 during trading hours on Wednesday, hitting $22.53. 995,189 shares of the company's stock were exchanged, compared to its average volume of 773,465. The company has a market capitalization of $2.87 billion and a PE ratio of 14.92. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The business's 50 day simple moving average is $22.42 and its 200-day simple moving average is $21.45.

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

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Analysts Set New Price Targets

CON has been the topic of several recent analyst reports. Bank of America raised their price target 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. Wells Fargo & Company lowered their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price 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.