Renaissance Technologies LLC Boosts Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Renaissance Technologies LLC grew its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 1,114.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,731 shares of the company's stock after acquiring an additional 151,166 shares during the period. Renaissance Technologies LLC owned about 0.13% of Concentra Group Holdings Parent worth $3,258,000 as of its most recent filing with the Securities & Exchange Commission.

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

Concentra Group Holdings Parent Stock Performance

Shares of CON stock traded down $0.07 during midday trading on Tuesday, hitting $21.54. The company had a trading volume of 15,740 shares, compared to its average volume of 775,287. The company's 50 day simple moving average is $21.42 and its 200 day simple moving average is $21.28. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The stock has a market cap of $2.74 billion and a price-to-earnings ratio of 14.24. 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 Monday, March 3rd. The company reported $0.17 earnings per share 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 analysts' expectations of $465.00 million. Research analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.16%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analysts Forecast Growth

CON has been the subject of several recent analyst reports. 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. boosted their price target on shares of 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. Bank of America lifted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.