Harbor Capital Advisors Inc. Buys 68,432 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Harbor Capital Advisors Inc. boosted its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 14,051.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,919 shares of the company's stock after buying an additional 68,432 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.05% of Concentra Group Holdings Parent worth $1,496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wesbanco Bank Inc. lifted its holdings in Concentra Group Holdings Parent by 118.2% during the 1st quarter. Wesbanco Bank Inc. now owns 66,449 shares of the company's stock worth $1,442,000 after buying an additional 36,000 shares during the period. GAMMA Investing LLC lifted its holdings in Concentra Group Holdings Parent by 4,913.8% during the 1st quarter. GAMMA Investing LLC now owns 160,992 shares of the company's stock worth $3,494,000 after buying an additional 157,781 shares during the period. California State Teachers Retirement System lifted its holdings in Concentra Group Holdings Parent by 6,269.3% during the 4th quarter. California State Teachers Retirement System now owns 106,750 shares of the company's stock worth $2,112,000 after buying an additional 105,074 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth about $266,000. Finally, Brucke Financial Inc. acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $172,000.

Analysts Set New Price Targets

CON has been the topic of a number of recent analyst reports. 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 research note on Wednesday, March 19th. Wells Fargo & Company dropped their price objective on 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent presently has a consensus rating of "Buy" and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Down 0.7%

Concentra Group Holdings Parent stock traded down $0.16 during midday trading on Monday, reaching $21.29. The stock had a trading volume of 649,164 shares, compared to its average volume of 744,924. 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 $2.71 billion and a P/E ratio of 15.89. The company has a fifty day moving average price of $21.42 and a two-hundred day moving average price of $21.48. 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 issued its 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 firm had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS 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. Investors of record on Tuesday, May 20th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 20th. Concentra Group Holdings Parent's payout ratio is 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.