33,141 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Bought by ProShare Advisors LLC

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CON. State of Alaska Department of Revenue bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $1,216,000. Yousif Capital Management LLC bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $821,000. Arrowstreet Capital Limited Partnership bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $9,876,000. Sageworth Trust Co bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $471,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $886,000.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock traded down $0.11 during trading on Wednesday, hitting $21.43. The stock had a trading volume of 467,939 shares, compared to its average volume of 758,733. 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 quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock's 50 day moving average is $21.29 and its two-hundred day moving average is $21.44. The stock has a market cap of $2.73 billion and a price-to-earnings ratio of 15.99.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analysts' expectations of $496.06 million. During the same quarter in the previous year, the company posted $0.47 EPS. Concentra Group Holdings Parent's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. Concentra Group Holdings Parent's dividend payout ratio is currently 18.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CON shares. Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. boosted their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus 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.