Dark Forest Capital Management LP Makes New $446,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Dark Forest Capital Management LP acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,553 shares of the company's stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Concentra Group Holdings Parent during the third quarter valued at about $6,804,000. Jane Street Group LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $584,000. Barclays PLC bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $710,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $11,122,000. Finally, Franklin Resources Inc. bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $3,336,000.

Analyst Ratings Changes

Several equities analysts have recently commented on CON shares. JPMorgan Chase & Co. boosted 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 report on Wednesday, March 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America raised their price objective on 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. Finally, Wells Fargo & Company decreased 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 report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent presently has an average rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Up 0.8 %

NYSE CON traded up $0.17 during trading hours on Friday, hitting $21.70. 114,219 shares of the company were exchanged, compared to its average volume of 775,264. 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 quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a 50-day moving average price of $21.34 and a 200 day moving average price of $21.29. The stock has a market cap of $2.76 billion and a PE ratio of 14.40.

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, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share 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. Stockholders of record on Tuesday, March 18th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 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.