California State Teachers Retirement System Grows Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

California State Teachers Retirement System raised its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 6,269.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,750 shares of the company's stock after purchasing an additional 105,074 shares during the quarter. California State Teachers Retirement System owned approximately 0.08% of Concentra Group Holdings Parent worth $2,112,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CON. Yousif Capital Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $821,000. State of Alaska Department of Revenue acquired a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $1,216,000. Sageworth Trust Co acquired a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $471,000. Empowered Funds LLC acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $49,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $1,570,000.

Concentra Group Holdings Parent Stock Down 0.4%

Concentra Group Holdings Parent stock traded down $0.09 during mid-day trading on Wednesday, hitting $21.88. The company had a trading volume of 535,454 shares, compared to its average volume of 747,889. 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 stock's 50 day moving average price is $21.33 and its two-hundred day moving average price is $21.51. 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 market capitalization of $2.79 billion and a PE ratio of 16.33.

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 the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. During the same period last year, the firm posted $0.47 earnings per share. The company's revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio is 18.66%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. 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 report on Wednesday, March 19th. 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 report on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent has an average rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Company 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.