Intech Investment Management LLC Invests $912,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Intech Investment Management LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,130 shares of the company’s stock, valued at approximately $912,000.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CON shares. 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 note on Wednesday, March 19th. Royal Bank of Canada reiterated 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. Wells Fargo & Company dropped their target price on 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. Finally, Bank of America lifted their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Stock Down 2.1 %

CON opened at $20.85 on Monday. The firm has a market capitalization of $2.65 billion and a P/E ratio of 13.81. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company has a fifty day moving average price of $22.34 and a 200-day moving average price of $21.52. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. Equities research analysts expect 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. Investors of record on Tuesday, March 18th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) 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.