Concentra Group Holdings Parent, Inc. (NYSE:CON) Holdings Increased by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 911.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,647 shares of the company's stock after purchasing an additional 79,885 shares during the period. Deutsche Bank AG owned approximately 0.07% of Concentra Group Holdings Parent worth $1,753,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CON. Price T Rowe Associates Inc. MD grew its holdings in Concentra Group Holdings Parent by 450.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock worth $342,994,000 after acquiring an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. grew its holdings in Concentra Group Holdings Parent by 421.0% during the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock worth $243,741,000 after acquiring an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Concentra Group Holdings Parent by 164.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after acquiring an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth $65,746,000. Finally, Norges Bank acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth $46,270,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company decreased 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 report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON traded up $0.05 during midday trading on Thursday, hitting $21.51. The company's stock had a trading volume of 58,939 shares, compared to its average volume of 757,414. The firm has a market cap of $2.74 billion and a P/E ratio of 16.05. The firm's fifty day moving average price is $21.30 and its 200-day moving average price is $21.44. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.25 annualized dividend and a yield of 1.16%. Concentra Group Holdings Parent's dividend payout ratio is presently 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.