Concentra Group Holdings Parent, Inc. (NYSE:CON) Stake Increased by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 801.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 263,842 shares of the company's stock after buying an additional 234,567 shares during the period. Nuveen Asset Management LLC owned approximately 0.21% of Concentra Group Holdings Parent worth $5,219,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CON. Nisa Investment Advisors LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $59,000. KBC Group NV purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $274,000. EMC Capital Management purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $122,000. Yousif Capital Management LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $821,000. Finally, State of Alaska Department of Revenue purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $1,216,000.

Concentra Group Holdings Parent Stock Down 0.4%

Shares of NYSE CON traded down $0.09 during trading on Wednesday, reaching $21.57. 391,042 shares of the stock were exchanged, compared to its average volume of 750,796. The business's 50-day moving average price is $21.32 and its 200 day moving average price is $21.48. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve 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 has a market capitalization of $2.75 billion and a price-to-earnings ratio of 16.10.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted 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 analyst estimates of $496.06 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The company's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were paid 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 1.16%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 report on Wednesday, March 19th. 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price 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.