State of Tennessee Department of Treasury Buys Shares of 45,410 Concentra Group Holdings Parent, Inc. (NYSE:CON)

State of Tennessee Department of Treasury bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,410 shares of the company's stock, valued at approximately $898,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $46,003,000. Jane Street Group LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $584,000. State of Alaska Department of Revenue purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $1,216,000. Yousif Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $821,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $9,876,000.

Concentra Group Holdings Parent Price Performance

CON stock traded down $0.18 during mid-day trading on Monday, reaching $21.60. The company's stock had a trading volume of 456,070 shares, compared to its average volume of 775,184. 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 company's 50 day moving average is $21.31 and its two-hundred day moving average is $21.30. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The stock has a market cap of $2.75 billion and a PE ratio of 14.30.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly 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 company had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. Equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued 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 1.16%. Concentra Group Holdings Parent's dividend payout ratio is presently 16.56%.

Analyst Ratings Changes

Several brokerages recently commented on CON. Bank of America boosted 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 report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $28.50.

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.