Northern Trust Corp Purchases 1,077,568 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Northern Trust Corp grew its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 594.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,258,791 shares of the company's stock after buying an additional 1,077,568 shares during the period. Northern Trust Corp owned 0.99% of Concentra Group Holdings Parent worth $24,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in Concentra Group Holdings Parent by 5,774.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 546,763 shares of the company's stock valued at $10,815,000 after purchasing an additional 537,455 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $1,041,000. HBK Investments L P bought a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $17,654,000. Voya Investment Management LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $641,000. Finally, Syon Capital LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $232,000.

Concentra Group Holdings Parent Price Performance

NYSE CON traded down $0.26 during trading on Friday, reaching $22.56. The company's stock had a trading volume of 144,199 shares, compared to its average volume of 785,803. The firm has a fifty day moving average of $21.15 and a 200 day moving average of $21.33. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The stock has a market capitalization of $2.87 billion and a PE ratio of 16.84. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its 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 analysts' expectations of $496.06 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts expect 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. Investors of record on Tuesday, May 20th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.25 annualized dividend and a yield of 1.11%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CON. 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. Wells Fargo & Company dropped their price objective 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. Bank of America raised their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company 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.