8 Knots Management LLC Raises Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

8 Knots Management LLC boosted its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,748,283 shares of the company's stock after purchasing an additional 523,448 shares during the period. Concentra Group Holdings Parent comprises about 3.5% of 8 Knots Management LLC's investment portfolio, making the stock its 11th biggest position. 8 Knots Management LLC owned approximately 1.37% of Concentra Group Holdings Parent worth $34,581,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $30,000. Motco purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth $32,000. Empowered Funds LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $59,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CON shares. Bank of America raised their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. 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 on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON traded down $0.18 on Thursday, reaching $21.58. The company's stock had a trading volume of 440,489 shares, compared to its average volume of 778,607. The company has a 50-day simple moving average of $21.34 and a 200 day simple moving average of $21.29. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-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 company has a market cap of $2.75 billion and a P/E ratio of 14.29.

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 analysts' expectations of $465.00 million. As a group, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed 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. This represents a $0.25 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

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.