Invesco Ltd. Has $27.19 Million Stock Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Invesco Ltd. lifted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 11,852.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,374,677 shares of the company's stock after buying an additional 1,363,176 shares during the quarter. Invesco Ltd. owned approximately 1.08% of Concentra Group Holdings Parent worth $27,191,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CON. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $46,003,000. State Street Corp acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $6,804,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $11,122,000. Jane Street Group LLC purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $584,000. Finally, Barclays PLC acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $710,000.

Wall Street Analyst Weigh In

A number of research firms have commented on CON. Bank of America increased their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on 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 decreased 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 report on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Stock Up 1.5 %

Shares of CON traded up $0.32 during trading hours on Thursday, reaching $21.21. The company's stock had a trading volume of 60,079 shares, compared to its average volume of 775,778. The firm has a market cap of $2.70 billion and a price-to-earnings ratio of 14.05. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a 50 day moving average of $21.53 and a two-hundred day moving average of $21.23. 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 Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. As a group, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.18%. Concentra Group Holdings Parent's dividend payout ratio is currently 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.