Dimensional Fund Advisors LP Makes New $65.75 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Dimensional Fund Advisors LP bought a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CON. Ceredex Value Advisors LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth $4,264,000. Keeley Teton Advisors LLC bought a new stake in Concentra Group Holdings Parent during the 4th quarter valued at approximately $1,864,000. XTX Topco Ltd purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $869,000. Barclays PLC raised its position in shares of Concentra Group Holdings Parent by 530.8% in the 4th quarter. Barclays PLC now owns 200,340 shares of the company's stock worth $3,963,000 after acquiring an additional 168,579 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Concentra Group Holdings Parent by 384.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,151 shares of the company's stock valued at $221,000 after purchasing an additional 8,850 shares during the period.

Concentra Group Holdings Parent Stock Down 0.8 %

Concentra Group Holdings Parent stock traded down $0.18 during trading hours on Monday, hitting $21.60. The stock had a trading volume of 456,070 shares, compared to its average volume of 775,184. The stock's 50-day moving average price is $21.31 and its 200-day moving average price is $21.30. The stock has a market capitalization of $2.75 billion and a P/E ratio of 14.30. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month 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.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. Equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.16%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CON shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America increased their price target 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. Wells Fargo & Company dropped their price objective on shares of 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. Finally, JPMorgan Chase & Co. raised their target price on shares of 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent currently has an average rating of "Buy" and a consensus price target of $28.50.

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.