Cohen & Steers Inc. Trims Stock Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Cohen & Steers Inc. decreased its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,000 shares of the company's stock after selling 20,000 shares during the quarter. Cohen & Steers Inc. owned approximately 0.09% of Concentra Group Holdings Parent worth $2,176,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CON. Vanguard Group Inc. raised its stake in shares of Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after acquiring an additional 9,957,396 shares in the last quarter. Norges Bank purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth $46,270,000. Principal Financial Group Inc. purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at $44,395,000. JPMorgan Chase & Co. bought a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $46,003,000. Finally, Geode Capital Management LLC lifted its stake in Concentra Group Holdings Parent by 394.3% in the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company's stock worth $48,631,000 after acquiring an additional 1,960,710 shares during the period.

Concentra Group Holdings Parent Stock Down 1.2 %

Shares of CON stock traded down $0.24 during trading hours on Friday, reaching $20.32. 813,300 shares of the company's stock were exchanged, compared to its average volume of 776,909. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81. 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 stock has a market cap of $2.59 billion and a PE ratio of 13.46. The stock's fifty day moving average price is $21.66 and its two-hundred day moving average price is $21.24.

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 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 analysts' expectations of $465.00 million. Research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

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 $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.23%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 16.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CON shares. Royal Bank of Canada restated an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company cut 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 note on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average 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.