Victory Capital Management Inc. Buys Shares of 26,936 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Victory Capital Management Inc. bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,936 shares of the company's stock, valued at approximately $533,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $25,000. Motco acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at $32,000. Empowered Funds LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $49,000. Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $59,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $64,000.

Wall Street Analysts Forecast Growth

CON has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price target on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Finally, Bank of America raised their price objective on shares of 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of "Buy" and a consensus price target of $28.50.

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Concentra Group Holdings Parent Price Performance

Shares of CON traded down $0.34 during mid-day trading on Tuesday, hitting $21.15. The company's stock had a trading volume of 534,964 shares, compared to its average volume of 747,072. 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 1-year low of $18.89 and a 1-year high of $24.81. The firm has a market capitalization of $2.69 billion and a P/E ratio of 14.01. The firm has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $21.50.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. Analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.18%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Concentra Group Holdings Parent 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.