Hsbc Holdings PLC Buys New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Hsbc Holdings PLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,943 shares of the company's stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $710,000. Franklin Resources Inc. bought a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $3,336,000. GAMMA Investing LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $64,000. Everence Capital Management Inc. purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $269,000. Finally, Syquant Capital Sas bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $1,462,000.

Wall Street Analysts Forecast Growth

CON has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America upped their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Up 1.3 %

Concentra Group Holdings Parent stock traded up $0.28 during trading hours on Friday, hitting $21.39. The company had a trading volume of 884,640 shares, compared to its average volume of 771,543. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $2.72 billion and a P/E ratio of 14.17. The company has a 50-day moving average price of $21.20 and a two-hundred day moving average price of $21.31. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted 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 the consensus estimate of $496.06 million. Concentra Group Holdings Parent's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th will be given a $0.0625 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. Concentra Group Holdings Parent's payout ratio is presently 16.56%.

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.