XTX Topco Ltd Makes New $869,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

XTX Topco Ltd acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,912 shares of the company's stock, valued at approximately $869,000.

A number of other institutional investors also recently modified their holdings of CON. Vanguard Group Inc. raised its holdings in shares of Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after purchasing an additional 9,957,396 shares during the period. Norges Bank bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $46,270,000. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $44,395,000. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent in the third quarter worth approximately $46,003,000. Finally, Geode Capital Management LLC grew its stake in Concentra Group Holdings Parent by 394.3% in the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company's stock valued at $48,631,000 after acquiring an additional 1,960,710 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed 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. Bank of America boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Down 1.2 %

CON stock traded down $0.24 during trading on Friday, reaching $20.32. The stock had a trading volume of 813,300 shares, compared to its average volume of 776,909. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a market capitalization of $2.59 billion and a price-to-earnings ratio of 13.46. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company's 50 day moving average is $21.66 and its two-hundred day moving average is $21.24.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is 16.56%.

Concentra Group Holdings Parent Company 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.