UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $3.77 Million Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 190,680 shares of the company's stock, valued at approximately $3,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Concentra Group Holdings Parent at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at $48,000. ProShare Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $656,000. Nuveen Asset Management LLC lifted its holdings in shares of Concentra Group Holdings Parent by 801.3% in the 4th quarter. Nuveen Asset Management LLC now owns 263,842 shares of the company's stock valued at $5,219,000 after purchasing an additional 234,567 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $554,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Concentra Group Holdings Parent by 403.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,642 shares of the company's stock worth $1,239,000 after buying an additional 50,211 shares during the last quarter.

Concentra Group Holdings Parent Stock Performance

CON traded up $0.28 during trading on Friday, hitting $22.02. The stock had a trading volume of 437,147 shares, compared to its average volume of 748,410. The firm has a market capitalization of $2.80 billion and a P/E ratio of 16.44. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company's 50-day moving average price is $21.31 and its 200 day moving average price is $21.50.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. The company's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. On average, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 18.66%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CON. Wells Fargo & Company reduced 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 note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price target 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. 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 a consensus price target of $28.50.

About Concentra Group Holdings Parent

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.