Concentra Group Holdings Parent, Inc. (NYSE:CON) Position Increased by Barclays PLC

Barclays PLC raised its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 530.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,340 shares of the company's stock after purchasing an additional 168,579 shares during the quarter. Barclays PLC owned about 0.16% of Concentra Group Holdings Parent worth $3,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CON. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $243,741,000 after buying an additional 9,957,396 shares during the period. JPMorgan Chase & Co. boosted its holdings in Concentra Group Holdings Parent by 57.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company's stock worth $64,205,000 after buying an additional 1,188,585 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Concentra Group Holdings Parent by 394.3% during the fourth 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 in the last quarter. Norges Bank acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $46,270,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth $44,395,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on 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. Bank of America increased their target price on shares of 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. 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 report on Wednesday, March 12th. 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 report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Down 0.5 %

NYSE CON traded down $0.11 during mid-day trading on Friday, hitting $21.42. The company's stock had a trading volume of 66,670 shares, compared to its average volume of 774,972. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The stock's fifty day simple moving average is $21.34 and its two-hundred day simple moving average is $21.29. The firm has a market capitalization of $2.73 billion and a P/E ratio of 14.21. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

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.