GAMMA Investing LLC Has $3.49 Million Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

GAMMA Investing LLC increased its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 4,913.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,992 shares of the company's stock after acquiring an additional 157,781 shares during the quarter. GAMMA Investing LLC owned about 0.13% of Concentra Group Holdings Parent worth $3,494,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new stake in Concentra Group Holdings Parent in the 4th quarter worth $25,000. Quadrant Capital Group LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $30,000. Motco bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $32,000. Shell Asset Management Co. bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $48,000. Finally, Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $49,000.

Analysts Set New Price Targets

CON has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a report 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 stock an "overweight" rating in a report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent presently has a consensus rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock traded down $0.37 during trading on Friday, hitting $21.42. 546,981 shares of the company's stock traded hands, compared to its average volume of 745,353. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The firm's fifty day moving average price is $21.39 and its 200 day moving average price is $21.49. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a market cap of $2.73 billion and a PE ratio of 15.99.

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 for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. During the same quarter last year, the firm posted $0.47 earnings per share. Concentra Group Holdings Parent's revenue was up 7.1% on a year-over-year basis. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared 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 1.17%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 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.