MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.24 Million Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 403.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,642 shares of the company's stock after buying an additional 50,211 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Concentra Group Holdings Parent were worth $1,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $30,000. Motco bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $32,000. Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $49,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $59,000.

Concentra Group Holdings Parent Stock Performance

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

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research 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 announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.16%. Concentra Group Holdings Parent's payout ratio is presently 18.66%.

Analyst Ratings Changes

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