Catalyst Funds Management Pty Ltd Buys 23,964 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Catalyst Funds Management Pty Ltd grew its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 2,178.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,064 shares of the company’s stock after buying an additional 23,964 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Concentra Group Holdings Parent were worth $496,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in Concentra Group Holdings Parent during the 3rd quarter worth $46,003,000. Loomis Sayles & Co. L P bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $8,676,000. State Street Corp acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $6,804,000. Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter worth about $11,122,000. Finally, Jane Street Group LLC acquired a new position in shares of Concentra Group Holdings Parent in the third quarter worth approximately $584,000.

Analyst Ratings Changes

CON has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. 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 note on Thursday, January 23rd. Finally, 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 on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.38.

Concentra Group Holdings Parent Trading Up 0.6 %

NYSE:CON opened at $20.77 on Friday. The firm has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $21.64. 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 $2.64 billion and a price-to-earnings ratio of 13.75. 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 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 firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. Analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued 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 of this dividend is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is currently 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.