OMERS ADMINISTRATION Corp Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

OMERS ADMINISTRATION Corp purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,000 shares of the company's stock, valued at approximately $554,000.

Several other institutional investors have also bought and sold shares of CON. Price T Rowe Associates Inc. MD boosted its stake in Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after buying an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. boosted its stake in Concentra Group Holdings Parent by 421.0% in the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after buying an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Concentra Group Holdings Parent by 164.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock valued at $170,317,000 after buying an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $65,746,000. Finally, Norges Bank acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $46,270,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CON shares. JPMorgan Chase & Co. raised their price target on 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 dropped their price target on 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $28.50.

Concentra Group Holdings Parent Price Performance

CON stock traded down $0.27 during midday trading on Friday, reaching $21.14. 269,919 shares of the company's stock traded hands, compared to its average volume of 761,915. The company has a 50-day simple moving average of $21.29 and a two-hundred day simple moving average of $21.42. 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 $2.69 billion and a price-to-earnings ratio of 15.77. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 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 the consensus estimate of $496.06 million. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders 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 annualized dividend and a dividend yield of 1.18%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 18.66%.

About Concentra Group Holdings Parent

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.