AlphaQuest LLC Buys New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

AlphaQuest LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,826 shares of the company’s stock, valued at approximately $313,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $675,000. Massachusetts Financial Services Co. MA purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $36,672,000. Charles Schwab Investment Management Inc. acquired a new position in Concentra Group Holdings Parent during the third quarter worth approximately $4,244,000. Loomis Sayles & Co. L P acquired a new position in Concentra Group Holdings Parent during the third quarter worth approximately $8,676,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Concentra Group Holdings Parent during the third quarter worth approximately $208,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America upped their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and a consensus price target of $28.38.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $20.77 on Friday. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The company’s fifty day moving average price is $22.19 and its two-hundred day moving average price is $21.67. The firm has a market capitalization of $2.64 billion and a P/E ratio of 13.75. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly 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 analysts’ expectations of $465.00 million. On average, research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is currently 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.