Vestcor Inc Acquires New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Vestcor Inc acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, Holdings Channel reports. The fund acquired 8,921 shares of the company’s stock, valued at approximately $176,000.

Several other large investors have also bought and sold shares of the business. Swiss National Bank acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $4,455,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $367,000. Summit X LLC acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $240,000. Essex Investment Management Co. LLC acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $2,148,000. Finally, AlphaQuest LLC acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $313,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CON. Royal Bank of Canada restated an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Finally, Bank of America raised their price objective on 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of “Buy” and a consensus target price of $28.38.

Concentra Group Holdings Parent Trading Down 1.1 %

Shares of CON stock opened at $20.86 on Wednesday. The company has a market cap of $2.66 billion and a P/E ratio of 13.81. The stock has a 50 day simple moving average of $22.26 and a two-hundred day simple moving average of $21.59. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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. Research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

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