SG Americas Securities LLC Purchases New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

SG Americas Securities LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 44,508 shares of the company's stock, valued at approximately $966,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $30,000. Motco acquired a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $32,000. Shell Asset Management Co. acquired a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $48,000. Finally, Empowered Funds LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $49,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price objective 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock traded down $0.13 during trading hours on Friday, hitting $20.76. The company's stock had a trading volume of 1,520,897 shares, compared to its average volume of 748,755. The company has a 50 day moving average of $21.43 and a 200 day moving average of $21.47. The stock has a market cap of $2.66 billion and a PE ratio of 15.47. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 5.18. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released 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 business had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.25 annualized dividend and a yield of 1.20%. Concentra Group Holdings Parent's dividend payout ratio 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.