Ensign Peak Advisors Inc Takes $721,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Ensign Peak Advisors Inc bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 36,432 shares of the company's stock, valued at approximately $721,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CON. Smartleaf Asset Management LLC acquired a new position in Concentra Group Holdings Parent in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth $30,000. Motco bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth $32,000. Empowered Funds LLC acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $49,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $59,000.

Concentra Group Holdings Parent Stock Down 1.5%

Shares of CON stock traded down $0.33 on Thursday, hitting $21.55. The company's stock had a trading volume of 84,608 shares, compared to its average volume of 762,574. The stock has a market capitalization of $2.74 billion and a price-to-earnings ratio of 16.07. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm's fifty day moving average price is $21.27 and its 200-day moving average price is $21.39. 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 posted its earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. During the same quarter last year, the business earned $0.47 earnings per share. Concentra Group Holdings Parent's quarterly revenue was up 7.1% on a year-over-year basis. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio is 18.66%.

Analyst Ratings Changes

A number of research firms have commented on CON. Wells Fargo & Company reduced 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 research note on Wednesday, March 12th. Bank of America boosted their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 target price 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, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.