Concentra Group Holdings Parent (NYSE:CON) Sees Strong Trading Volume – Still a Buy?

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) saw unusually-high trading volume on Tuesday . Approximately 445,136 shares changed hands during trading, a decline of 8% from the previous session’s volume of 486,407 shares.The stock last traded at $22.71 and had previously closed at $22.13.

Analysts Set New Price Targets

A number of research firms have recently commented on CON. Mizuho began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “outperform” rating and a $28.00 price objective for the company. Bank of America downgraded shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.50 to $24.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. Truist Financial began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Royal Bank of Canada reduced their price objective on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Down 2.7 %

The stock’s 50 day moving average price is $21.11. 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) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of Concentra Group Holdings Parent during the third quarter worth approximately $105,000. The Manufacturers Life Insurance Company bought a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $208,000. MetLife Investment Management LLC bought a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $297,000. Jane Street Group LLC bought a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $584,000. Finally, Verition Fund Management LLC bought a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $661,000.

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.