52,794 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 52,794 shares of the company's stock, valued at approximately $1,044,000.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised 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. Bank of America raised their target price 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. Wells Fargo & Company cut 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 report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of "Buy" and an average target price of $28.50.

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Concentra Group Holdings Parent Price Performance

CON traded up $0.14 on Wednesday, reaching $22.16. The stock had a trading volume of 272,429 shares, compared to its average volume of 797,382. The firm has a 50-day moving average of $22.41 and a 200-day moving average of $21.44. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a market capitalization of $2.82 billion and a price-to-earnings ratio of 14.65. 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 (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (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 the consensus estimate of $465.00 million. As a group, sell-side analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.13%. Concentra Group Holdings Parent's dividend payout ratio is 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.