Nuveen Asset Management LLC Purchases 234,567 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Nuveen Asset Management LLC increased its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 801.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 263,842 shares of the company's stock after buying an additional 234,567 shares during the quarter. Nuveen Asset Management LLC owned about 0.21% of Concentra Group Holdings Parent worth $5,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $59,000. KBC Group NV acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth $274,000. EMC Capital Management acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth $122,000. Yousif Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at $821,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at $1,216,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CON shares. JPMorgan Chase & Co. raised 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. Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock traded up $0.25 on Tuesday, hitting $21.74. 115,191 shares of the stock were exchanged, compared to its average volume of 751,558. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The firm's 50 day moving average is $21.31 and its two-hundred day moving average is $21.48. The firm has a market capitalization of $2.77 billion and a PE ratio of 16.22. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $500.80 million for the quarter, compared to analysts' expectations of $496.06 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.15%. Concentra Group Holdings Parent's dividend payout ratio (DPR) 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.