Kesler Norman & Wride LLC Purchases Shares of 17,868 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Kesler Norman & Wride LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,868 shares of the company’s stock, valued at approximately $353,000.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Concentra Group Holdings Parent by 8.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,782,422 shares of the company’s stock worth $35,256,000 after purchasing an additional 142,363 shares during the period. Geode Capital Management LLC increased its stake in shares of Concentra Group Holdings Parent by 394.3% in the 4th quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock valued at $48,631,000 after acquiring an additional 1,960,710 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Concentra Group Holdings Parent by 20.5% during the 4th quarter. Franklin Resources Inc. now owns 191,946 shares of the company’s stock valued at $3,797,000 after acquiring an additional 32,699 shares during the period. Alliancebernstein L.P. bought a new position in Concentra Group Holdings Parent during the fourth quarter worth $2,581,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Concentra Group Holdings Parent in the fourth quarter worth $215,000.

Wall Street Analyst Weigh In

CON has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Royal Bank of Canada reaffirmed 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. Wells Fargo & Company reduced their price target on shares of 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 boosted their price target on shares of 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Trading Up 2.3 %

Shares of Concentra Group Holdings Parent stock opened at $22.53 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a fifty day simple moving average of $22.42 and a 200 day simple moving average of $21.45. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company has a market capitalization of $2.87 billion and a P/E ratio of 14.92.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analysts’ expectations 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.11%. Concentra Group Holdings Parent’s dividend payout ratio is currently 16.56%.

Concentra Group Holdings Parent 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.