Two Sigma Investments LP Sells 20,046 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Two Sigma Investments LP reduced its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 36.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,207 shares of the company's stock after selling 20,046 shares during the quarter. Two Sigma Investments LP's holdings in Concentra Group Holdings Parent were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $30,000. Motco bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $32,000. Shell Asset Management Co. bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $48,000. Finally, Empowered Funds LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $49,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $22.02 on Friday. 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 1-year low of $18.89 and a 1-year high of $24.81. The company has a market capitalization of $2.80 billion and a P/E ratio of 16.44. The firm's 50 day simple moving average is $21.31 and its two-hundred day simple moving average is $21.50.

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 the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to analysts' expectations of $496.06 million. During the same period last year, the firm posted $0.47 EPS. Concentra Group Holdings Parent's quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

Analysts Set New Price Targets

CON has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of 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. Wells Fargo & Company cut their target price on shares of 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average 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.

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