ProShare Advisors LLC Purchases Shares of 33,141 Concentra Group Holdings Parent, Inc. (NYSE:CON)

ProShare Advisors LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 33,141 shares of the company's stock, valued at approximately $656,000.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $25,000. Quadrant Capital Group LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $30,000. Motco acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $32,000. Empowered Funds LLC acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $59,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CON. 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 lowered their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent presently has an average rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Trading Up 0.1%

Shares of CON stock traded up $0.03 on Friday, reaching $21.62. 22,314 shares of the stock were exchanged, compared to its average volume of 753,428. The stock has a market cap of $2.75 billion and a PE ratio of 16.13. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The stock has a 50 day moving average price of $21.31 and a 200 day moving average price of $21.45.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company's quarterly revenue was up 7.1% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were paid a $0.0625 dividend. The ex-dividend date 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 (DPR) is presently 18.66%.

Concentra Group Holdings Parent 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.