Ameriprise Financial Inc. Invests $5.57 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Ameriprise Financial Inc. purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 281,446 shares of the company's stock, valued at approximately $5,567,000. Ameriprise Financial Inc. owned 0.22% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth about $25,000. Quadrant Capital Group LLC purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at $30,000. Motco purchased a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $32,000. Empowered Funds LLC acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth $59,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CON shares. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. boosted their price objective on 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, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

CON traded up $0.11 during trading hours on Thursday, hitting $21.57. 363,254 shares of the stock were exchanged, compared to its average volume of 756,868. The stock has a 50-day simple moving average of $21.31 and a 200-day simple moving average of $21.45. 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, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The stock has a market cap of $2.75 billion and a price-to-earnings ratio of 16.09.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $496.06 million. During the same period in the previous year, the company earned $0.47 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, May 20th. Concentra Group Holdings Parent's payout ratio is presently 18.66%.

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.