36,452 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,452 shares of the company’s stock, valued at approximately $721,000.

A number of other large investors also recently bought and sold shares of CON. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth $25,000. Motco acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth about $32,000. Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent during the 4th quarter valued at about $49,000. Nisa Investment Advisors LLC acquired a new position 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 worth about $64,000.

Wall Street Analyst Weigh In

CON has been the subject of several recent 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 for the company in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed 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. Bank of America increased their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent has an average rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

NYSE:CON opened at $21.49 on Tuesday. The firm has a market capitalization of $2.74 billion and a PE ratio of 14.23. 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 business’s fifty day moving average price is $22.36 and its 200 day moving average price is $21.50. 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 earnings results on Monday, March 3rd. The company reported $0.17 earnings per share 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 analyst estimates of $465.00 million. On average, sell-side 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 announced 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 dividend on an annualized basis and a dividend yield of 1.16%. 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.