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

Ameriprise Financial Inc. bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 281,446 shares of the company's stock, valued at approximately $5,567,000. Ameriprise Financial Inc. owned about 0.22% of Concentra Group Holdings Parent as of its most recent filing with the Securities & Exchange Commission.

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

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.36 on Tuesday, hitting $21.50. 384,520 shares of the company traded hands, compared to its average volume of 760,118. The business's 50 day moving average price is $21.29 and its 200-day moving average price is $21.44. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a market capitalization of $2.74 billion and a price-to-earnings ratio of 16.04.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $496.06 million. Concentra Group Holdings Parent's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. Equities 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 will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.0625 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.25 annualized dividend and a yield of 1.16%. Concentra Group Holdings Parent's payout ratio is 18.66%.

Analyst Ratings Changes

Several equities research analysts recently commented on CON shares. 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. JPMorgan Chase & Co. boosted their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently 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.