MetLife Investment Management LLC Increases Stock Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

MetLife Investment Management LLC lifted its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 417.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,733 shares of the company's stock after purchasing an additional 55,456 shares during the period. MetLife Investment Management LLC owned about 0.05% of Concentra Group Holdings Parent worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter valued at $25,000. Quadrant Capital Group LLC acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth about $30,000. Motco purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at about $32,000. Empowered Funds LLC acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $59,000.

Concentra Group Holdings Parent Stock Performance

CON traded down $0.01 during trading on Tuesday, reaching $21.58. The company's stock had a trading volume of 35,382 shares, compared to its average volume of 771,481. The company has a market capitalization of $2.75 billion and a price-to-earnings ratio of 14.30. The company's fifty day moving average price is $21.28 and its 200-day moving average price is $21.30. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. 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 (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating 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. On average, equities analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is 16.56%.

Analyst Ratings Changes

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

About Concentra Group Holdings Parent

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.