Bank of Montreal Can Invests $384,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Bank of Montreal Can bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,396 shares of the company's stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CON. Vanguard Group Inc. boosted its stake in Concentra Group Holdings Parent by 421.0% in the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock worth $243,741,000 after purchasing an additional 9,957,396 shares during the period. Norges Bank acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth $46,270,000. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth $44,395,000. JPMorgan Chase & Co. acquired a new position in Concentra Group Holdings Parent in the 3rd quarter worth $46,003,000. Finally, Geode Capital Management LLC boosted its stake in Concentra Group Holdings Parent by 394.3% in the 4th quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company's stock worth $48,631,000 after purchasing an additional 1,960,710 shares during the period.

Wall Street Analyst Weigh In

CON has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. increased their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Bank of America increased their price objective on shares of 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON traded up $0.39 during trading on Monday, reaching $21.64. 972,466 shares of the company traded hands, compared to its average volume of 779,248. The company's 50 day moving average is $21.42 and its two-hundred day moving average is $21.28. The firm has a market capitalization of $2.76 billion and a PE ratio of 14.33. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

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, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. As a group, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.16%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Concentra Group Holdings Parent 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.