28,000 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,000 shares of the company's stock, valued at approximately $554,000.

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

Analyst Ratings Changes

CON has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America lifted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company cut 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent currently has an average rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Trading Down 2.2%

CON traded down $0.48 during mid-day trading on Thursday, hitting $21.39. 470,853 shares of the stock were exchanged, compared to its average volume of 764,279. The firm's fifty day moving average is $21.27 and its two-hundred day moving average is $21.39. 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 $2.72 billion and a PE ratio of 15.96. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) 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 analyst estimates of $496.06 million. During the same period in the prior year, the company posted $0.47 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.0625 per share. 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 1.17%. 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.