Vanguard Group Inc. Has $243.74 Million Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Vanguard Group Inc. boosted its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 421.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,322,623 shares of the company's stock after purchasing an additional 9,957,396 shares during the period. Vanguard Group Inc. owned 9.68% of Concentra Group Holdings Parent worth $243,741,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

CON has been the subject of several analyst reports. Bank of America raised their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on 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. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of "Buy" and an average target price of $28.50.

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Concentra Group Holdings Parent Trading Down 3.5 %

CON stock traded down $0.75 during mid-day trading on Thursday, reaching $20.40. The company's stock had a trading volume of 950,834 shares, compared to its average volume of 778,480. 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 $21.97 and its 200 day moving average price is $21.32. The company has a market cap of $2.60 billion and a price-to-earnings ratio of 13.51.

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 the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is 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.