J. Goldman & Co LP Buys Shares of 421,996 Concentra Group Holdings Parent, Inc. (NYSE:CON)

J. Goldman & Co LP purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 421,996 shares of the company's stock, valued at approximately $8,347,000. J. Goldman & Co LP owned approximately 0.33% of Concentra Group Holdings Parent as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at about $710,000. Franklin Resources Inc. acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $3,336,000. GAMMA Investing LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $64,000. Syquant Capital Sas acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $1,462,000. Finally, Sovereign Financial Group Inc. acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $402,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CON shares. Wells Fargo & Company cut their target price 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. Royal Bank of Canada reaffirmed 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. JPMorgan Chase & Co. increased their price objective 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. Finally, Bank of America boosted their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research 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 currently has an average rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

NYSE:CON traded down $0.15 during trading hours on Friday, hitting $22.68. The company's stock had a trading volume of 664,361 shares, compared to its average volume of 770,820. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a fifty day simple moving average of $21.15 and a 200-day simple moving average of $21.33. The company has a market capitalization of $2.89 billion and a P/E ratio of 16.92.

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 for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders 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 dividend on an annualized basis and a yield of 1.10%. Concentra Group Holdings Parent's dividend payout ratio is currently 18.66%.

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.