Wealth Enhancement Advisory Services LLC Makes New $266,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Wealth Enhancement Advisory Services LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,435 shares of the company's stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also made changes to their positions in CON. Price T Rowe Associates Inc. MD lifted its holdings in Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after acquiring an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. lifted its stake in Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after purchasing an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Concentra Group Holdings Parent by 164.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after buying an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Concentra Group Holdings Parent in the fourth quarter worth approximately $65,746,000. Finally, JPMorgan Chase & Co. grew its position in 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 buying an additional 1,188,585 shares during the last quarter.

Concentra Group Holdings Parent Stock Down 1.2%

Shares of Concentra Group Holdings Parent stock traded down $0.25 during midday trading on Tuesday, hitting $21.10. The company's stock had a trading volume of 716,596 shares, compared to its average volume of 744,798. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18. The firm has a market capitalization of $2.70 billion and a P/E ratio of 15.81. The stock has a 50-day simple moving average of $21.42 and a 200-day simple moving average of $21.48.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. As a group, sell-side analysts expect 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 Thursday, May 29th. Shareholders of record on Tuesday, May 20th were given a $0.0625 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.18%. Concentra Group Holdings Parent's payout ratio is 18.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. upped their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus 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.