Wesbanco Bank Inc. Raises Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Wesbanco Bank Inc. boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 118.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,449 shares of the company's stock after purchasing an additional 36,000 shares during the period. Wesbanco Bank Inc. owned about 0.05% of Concentra Group Holdings Parent worth $1,442,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC acquired a new stake in Concentra Group Holdings Parent during the 4th quarter valued at approximately $30,000. Motco purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at $32,000. Shell Asset Management Co. purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth about $48,000. Finally, Empowered Funds LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $49,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Wells Fargo & Company dropped their price target 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Down 0.7%

CON stock traded down $0.15 during mid-day trading on Tuesday, hitting $21.93. 741,792 shares of the company were exchanged, compared to its average volume of 748,854. The business has a fifty day simple moving average of $21.31 and a 200-day simple moving average of $21.50. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The firm has a market capitalization of $2.79 billion and a P/E ratio of 16.37.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share (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 prior 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. On average, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.25 annualized dividend and a yield of 1.14%. Concentra Group Holdings Parent's dividend payout ratio is presently 18.66%.

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.