Hsbc Holdings PLC Invests $538,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Hsbc Holdings PLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,943 shares of the company's stock, valued at approximately $538,000.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $710,000. Franklin Resources Inc. acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $3,336,000. GAMMA Investing LLC purchased a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $64,000. Everence Capital Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $269,000. Finally, Syquant Capital Sas acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $1,462,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CON. Bank of America upped their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Up 0.7%

Shares of CON stock traded up $0.16 during mid-day trading on Monday, reaching $21.56. 17,875 shares of the company were exchanged, compared to its average volume of 767,812. The company has a market capitalization of $2.74 billion and a P/E ratio of 16.06. The business's 50 day simple moving average is $21.20 and its 200 day simple moving average is $21.31. 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 fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $496.06 million. During the same period in the previous year, the business posted $0.47 EPS. The business's revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) 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.