Bank of America Corp DE Has $6.29 Million Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Bank of America Corp DE reduced its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. 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 about 0.25% of Concentra Group Holdings Parent worth $6,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $25,000. Quadrant Capital Group LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $30,000. Motco purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $32,000. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $49,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $59,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on CON shares. Wells Fargo & Company lowered their price objective 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. boosted their price objective 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock traded up $0.11 on Thursday, reaching $21.57. 363,254 shares of the stock were exchanged, compared to its average volume of 756,868. The stock has a market cap of $2.75 billion and a PE ratio of 16.09. 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, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The firm has a fifty day moving average price of $21.30 and a two-hundred day moving average price of $21.44.

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

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be paid a $0.0625 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.16%. Concentra Group Holdings Parent's payout ratio is currently 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.