116,978 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 116,978 shares of the company's stock, valued at approximately $2,314,000. Envestnet Asset Management Inc. owned approximately 0.09% of Concentra Group Holdings Parent at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. State Street Corp acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth $6,804,000. Jane Street Group LLC bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $584,000. Barclays PLC bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $710,000. Geode Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $11,122,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter worth $3,336,000.

Analyst Ratings Changes

Several analysts have issued reports on CON shares. Bank of America raised their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Wells Fargo & Company cut their target price on 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock traded down $0.01 on Thursday, hitting $21.74. The company's stock had a trading volume of 48,123 shares, compared to its average volume of 776,633. The company has a market capitalization of $2.77 billion and a PE ratio of 14.40. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The stock's 50 day moving average is $21.37 and its 200-day moving average is $21.29.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 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.