Millennium Management LLC Has $2.98 Million Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Millennium Management LLC trimmed its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 37.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,765 shares of the company's stock after selling 89,278 shares during the quarter. Millennium Management LLC owned about 0.12% of Concentra Group Holdings Parent worth $2,982,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Concentra Group Holdings Parent during the fourth quarter valued at about $1,216,000. Yousif Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $821,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $9,876,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $279,000. Finally, Sageworth Trust Co bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $471,000.

Analyst Upgrades and Downgrades

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

Concentra Group Holdings Parent Price Performance

CON stock traded up $0.22 during midday trading on Tuesday, reaching $21.71. 104,804 shares of the company's stock traded hands, compared to its average volume of 751,523. The company has a 50-day simple moving average of $21.31 and a two-hundred day simple moving average of $21.48. 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 market cap of $2.76 billion and a price-to-earnings ratio of 16.20. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

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, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. The business's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio 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.