Ameriprise Financial Inc. Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Ameriprise Financial Inc. purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in 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 approximately 0.22% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission.

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

Concentra Group Holdings Parent Trading Up 0.3%

Shares of CON traded up $0.07 during trading hours on Thursday, reaching $21.53. 38,013 shares of the company traded hands, compared to its average volume of 755,395. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company's fifty day moving average price is $21.30 and its two-hundred day moving average price is $21.44. The company has a market capitalization of $2.74 billion and a price-to-earnings ratio of 16.06.

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, beating the consensus estimate 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. The business's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. Equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Analysts Set New Price Targets

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