Wells Fargo & Company MN Grows Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Wells Fargo & Company MN grew its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 3,250.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270,109 shares of the company's stock after purchasing an additional 262,047 shares during the quarter. Wells Fargo & Company MN owned approximately 0.21% of Concentra Group Holdings Parent worth $5,343,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at $25,000. Motco bought a new position in Concentra Group Holdings Parent in the fourth quarter worth about $32,000. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $49,000. Nisa Investment Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $59,000. Finally, GAMMA Investing LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $64,000.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.35 on Thursday, reaching $21.24. 159,382 shares of the company's stock traded hands, compared to its average volume of 776,440. 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 50 day moving average price of $21.53 and a 200-day moving average price of $21.23. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm has a market cap of $2.70 billion and a price-to-earnings ratio of 14.10.

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

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.18%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CON shares. JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Wells Fargo & Company lowered their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Bank of America upped their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $28.50.

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.