Teacher Retirement System of Texas Purchases 27,570 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Teacher Retirement System of Texas raised its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 427,570 shares of the company’s stock after buying an additional 27,570 shares during the quarter. Teacher Retirement System of Texas’ holdings in Concentra Group Holdings Parent were worth $8,457,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $25,000. Motco purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $32,000. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $49,000. Nisa Investment Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $59,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $64,000.

Wall Street Analysts Forecast Growth

CON has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Bank of America lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday. 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 report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Price Performance

CON stock opened at $20.85 on Friday. The firm’s 50-day moving average price is $22.34 and its two-hundred day moving average price is $21.54. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The stock has a market capitalization of $2.65 billion and a price-to-earnings ratio of 13.81. 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 released 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 firm had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. As a group, equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent’s payout ratio is 16.56%.

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.