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

SG Americas Securities LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 44,508 shares of the company's stock, valued at approximately $966,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $279,000. Arrowstreet Capital Limited Partnership bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $9,876,000. State of New Jersey Common Pension Fund D bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $886,000. Legal & General Group Plc raised its position in Concentra Group Holdings Parent by 382.4% in the 4th quarter. Legal & General Group Plc now owns 302,834 shares of the company's stock valued at $5,990,000 after purchasing an additional 240,056 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $384,000.

Concentra Group Holdings Parent Trading Down 0.6%

Shares of CON traded down $0.13 on Friday, reaching $20.76. 1,520,897 shares of the company's stock were exchanged, compared to its average volume of 748,755. The business has a 50 day moving average price of $21.44 and a two-hundred day moving average price of $21.46. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The stock has a market capitalization of $2.66 billion and a P/E ratio of 15.49. 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 (NYSE:CON - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The firm had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. During the same quarter in the previous year, the business earned $0.47 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio is presently 18.66%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CON. 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. JPMorgan Chase & Co. lifted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of "Buy" and an average price target 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.