Dimensional Fund Advisors LP Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Dimensional Fund Advisors LP bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,323,763 shares of the company's stock, valued at approximately $65,746,000. Dimensional Fund Advisors LP owned approximately 2.61% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 buying an additional 9,957,396 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Concentra Group Holdings Parent by 57.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company's stock worth $64,205,000 after acquiring an additional 1,188,585 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $48,631,000 after purchasing an additional 1,960,710 shares during the last quarter. Norges Bank acquired a new stake in Concentra Group Holdings Parent during the 4th quarter valued at approximately $46,270,000. Finally, Principal Financial Group Inc. purchased a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $44,395,000.

Concentra Group Holdings Parent Price Performance

CON stock traded up $0.19 during trading on Wednesday, hitting $21.89. The company had a trading volume of 479,754 shares, compared to its average volume of 772,151. The business has a 50 day moving average of $21.25 and a 200 day moving average of $21.31. The firm has a market capitalization of $2.79 billion and a price-to-earnings ratio of 14.50. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. During the same period last year, the firm earned $0.47 EPS. The company's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio is 16.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CON. JPMorgan Chase & Co. raised their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, Bank of America lifted 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent has an average rating of "Buy" and a consensus price target 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.