D. E. Shaw & Co. Inc. Takes Position 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,116 shares of the company's stock, valued at approximately $279,000.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth about $59,000. KBC Group NV purchased a new stake in Concentra Group Holdings Parent during the fourth quarter worth $274,000. Sippican Capital Advisors bought a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $213,000. EMC Capital Management bought a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $122,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at $821,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CON. JPMorgan Chase & Co. upped their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Up 0.5%

CON stock traded up $0.10 during trading on Friday, hitting $21.69. 471,286 shares of the company's stock were exchanged, compared to its average volume of 755,527. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The business has a 50-day moving average price of $21.31 and a two-hundred day moving average price of $21.45. The stock has a market capitalization of $2.76 billion and a price-to-earnings ratio of 16.19. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. As a group, equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend 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 currently 18.66%.

Concentra Group Holdings Parent Company 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.