Ensign Peak Advisors Inc Invests $721,000 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) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 36,432 shares of the company's stock, valued at approximately $721,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $1,216,000. Yousif Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $821,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $9,876,000. Sageworth Trust Co bought a new stake in Concentra Group Holdings Parent in the fourth quarter worth $471,000. Finally, Romano Brothers AND Company purchased a new stake in Concentra Group Holdings Parent during the fourth quarter valued at $1,211,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON traded down $0.11 during midday trading on Tuesday, reaching $22.45. 444,599 shares of the company's stock traded hands, compared to its average volume of 767,678. The company has a market cap of $2.86 billion and a P/E ratio of 16.75. The company has a fifty day simple moving average of $21.21 and a two-hundred day simple moving average of $21.37. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. Equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th will be given a $0.0625 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.11%. Concentra Group Holdings Parent's dividend payout ratio is currently 18.66%.

Wall Street Analysts Forecast Growth

CON has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price target on 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. Finally, Bank of America lifted their price objective 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.