Verition Fund Management LLC Purchases Shares of 29,568 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Verition Fund Management LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,568 shares of the company's stock, valued at approximately $661,000.

A number of other hedge funds have also recently added to or reduced their stakes in CON. BNP Paribas Financial Markets bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $105,000. The Manufacturers Life Insurance Company acquired a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $208,000. MetLife Investment Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth $297,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $675,000. Finally, Advantage Alpha Capital Partners LP bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $3,162,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CON shares. Mizuho initiated coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an "outperform" rating and a $28.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an "overweight" rating and a $27.00 price target on the stock. Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a "buy" rating and a $29.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $29.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an "overweight" rating and a $29.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON traded up $0.03 during mid-day trading on Wednesday, reaching $20.13. 994,620 shares of the company's stock were exchanged, compared to its average volume of 686,257. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The firm's fifty day simple moving average is $20.78. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The company's revenue was up 3.3% on a year-over-year basis. Sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

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.