D. E. Shaw & Co. Inc. Buys New Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

D. E. Shaw & Co. Inc. bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,116 shares of the company's stock, valued at approximately $279,000.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $30,000. Motco purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $32,000. Empowered Funds LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $59,000.

Concentra Group Holdings Parent Price Performance

NYSE:CON traded up $0.10 during trading hours on Friday, reaching $21.69. 471,286 shares of the company traded hands, compared to its average volume of 755,527. The firm's 50-day moving average is $21.32 and its 200-day moving average is $21.47. The stock has a market cap of $2.76 billion and a P/E ratio of 16.19. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced 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 company had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Equities research 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 business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

Analysts Set New Price Targets

Several research firms recently weighed in on CON. Wells Fargo & Company dropped their price objective on 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. raised 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.