Millennium Management LLC Sells 89,278 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Millennium Management LLC reduced its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,765 shares of the company's stock after selling 89,278 shares during the period. Millennium Management LLC owned 0.12% of Concentra Group Holdings Parent worth $2,982,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CON. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $30,000. Motco purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $32,000. Empowered Funds LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $59,000.

Concentra Group Holdings Parent Price Performance

Shares of CON traded down $0.09 during mid-day trading on Wednesday, reaching $21.57. The stock had a trading volume of 391,042 shares, compared to its average volume of 750,796. The firm has a market cap of $2.75 billion and a price-to-earnings ratio of 16.10. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The business has a fifty day moving average of $21.32 and a 200 day moving average of $21.48. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share. Equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

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 dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.16%. Concentra Group Holdings Parent's dividend payout ratio is 18.66%.

Analysts Set New Price Targets

CON has been the subject of several research reports. 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. boosted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently has an average rating of "Buy" and a consensus target price of $28.50.

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.