Bank of America Corp DE Sells 28,608 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Bank of America Corp DE reduced its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318,223 shares of the company's stock after selling 28,608 shares during the period. Bank of America Corp DE owned 0.25% of Concentra Group Holdings Parent worth $6,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $30,000. Motco acquired a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $32,000. Empowered Funds LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $59,000.

Concentra Group Holdings Parent Trading Up 0.5%

Shares of NYSE:CON traded up $0.10 during mid-day trading on Friday, hitting $21.69. The stock had a trading volume of 471,286 shares, compared to its average volume of 755,527. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $2.76 billion and a PE ratio of 16.19. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company's 50 day moving average is $21.32 and its 200-day moving average is $21.47.

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

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders 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 yield of 1.15%. Concentra Group Holdings Parent's payout ratio is 18.66%.

Wall Street Analysts Forecast Growth

CON has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. increased their target price on shares of 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $28.50.

About Concentra Group Holdings Parent

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.