8 Knots Management LLC Buys 523,448 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

8 Knots Management LLC grew its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,748,283 shares of the company's stock after buying an additional 523,448 shares during the period. Concentra Group Holdings Parent accounts for approximately 3.5% of 8 Knots Management LLC's holdings, making the stock its 11th biggest position. 8 Knots Management LLC owned 1.37% of Concentra Group Holdings Parent worth $34,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CON. Smartleaf Asset Management LLC bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at $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 during the fourth quarter valued at approximately $32,000. Empowered Funds LLC bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $59,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON traded up $0.20 during midday trading on Friday, hitting $21.73. The company had a trading volume of 433,746 shares, compared to its average volume of 776,829. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 14.39. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The company has a fifty day moving average of $21.31 and a two-hundred day moving average of $21.30. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CON shares. Bank of America boosted their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. 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 note on Wednesday, March 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price 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.