LPL Financial LLC Acquires Shares of 25,622 Concentra Group Holdings Parent, Inc. (NYSE:CON)

LPL Financial LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 25,622 shares of the company's stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp purchased a new stake in Concentra Group Holdings Parent during the third quarter valued at about $6,804,000. Jane Street Group LLC purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $584,000. Barclays PLC purchased a new position in Concentra Group Holdings Parent during the third quarter valued at $710,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent during the third quarter valued at $11,122,000. Finally, Franklin Resources Inc. bought a new stake in Concentra Group Holdings Parent in the third quarter worth $3,336,000.

Concentra Group Holdings Parent Trading Down 1.0 %

CON stock traded down $0.22 during mid-day trading on Wednesday, reaching $21.74. The company had a trading volume of 520,181 shares, compared to its average volume of 780,366. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 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 firm has a 50 day moving average of $21.37 and a 200 day moving average of $21.29. The company has a market capitalization of $2.77 billion and a PE ratio of 14.40.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio is presently 16.56%.

Wall Street Analyst Weigh In

A number of analysts have commented on CON shares. Wells Fargo & Company reduced their target price on 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. Bank of America lifted 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 note 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 company an "overweight" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada reiterated 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $28.50.

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.