23,108 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,108 shares of the company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $25,000. Motco bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $32,000. Empowered Funds LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at 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 acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $64,000.

Wall Street Analyst Weigh In

CON has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Bank of America upped their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced 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 report on Wednesday, March 12th. Eight research 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 an average price target of $28.50.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $21.76 on Friday. The company has a fifty day moving average price of $22.40 and a 200-day moving average price of $21.48. The firm has a market cap of $2.77 billion and a price-to-earnings ratio of 14.41. 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, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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. As a group, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.15%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) 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.