Ceredex Value Advisors LLC Purchases New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Ceredex Value Advisors LLC purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 215,565 shares of the company's stock, valued at approximately $4,264,000. Ceredex Value Advisors LLC owned approximately 0.17% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CON. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at $25,000. Quadrant Capital Group LLC acquired a new position in Concentra Group Holdings Parent during the fourth quarter valued at $30,000. Motco purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth about $32,000. Empowered Funds LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth about $49,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $59,000.

Concentra Group Holdings Parent Stock Performance

NYSE:CON traded up $0.30 during trading hours on Tuesday, hitting $20.13. 100,282 shares of the company traded hands, compared to its average volume of 799,941. The stock has a market capitalization of $2.56 billion and a price-to-earnings ratio of 13.33. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The firm has a 50-day moving average of $21.61 and a 200 day moving average of $21.24.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. On average, analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a yield of 1.24%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research 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 report on Wednesday, March 19th. Bank of America lifted their price objective 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. Finally, Wells Fargo & Company cut their price target 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $28.50.

Concentra Group Holdings Parent Company 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.