Price T Rowe Associates Inc. MD Acquires 14,188,333 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Price T Rowe Associates Inc. MD grew its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 450.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,340,387 shares of the company's stock after acquiring an additional 14,188,333 shares during the period. Price T Rowe Associates Inc. MD owned 13.62% of Concentra Group Holdings Parent worth $342,994,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

CON has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price target 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. JPMorgan Chase & Co. boosted 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 report on Wednesday, March 19th. Finally, Bank of America increased 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

NYSE:CON traded down $0.23 during trading hours on Thursday, reaching $21.52. The company had a trading volume of 102,067 shares, compared to its average volume of 776,911. The firm has a market capitalization of $2.74 billion and a PE ratio of 14.25. The stock has a 50-day moving average of $21.37 and a two-hundred day moving average of $21.29. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent's payout ratio is currently 16.56%.

Concentra Group Holdings Parent Company 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.