28,032 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,032 shares of the company's stock, valued at approximately $555,000.

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

Concentra Group Holdings Parent Trading Up 0.9 %

CON traded up $0.20 during trading hours on Friday, reaching $21.73. The company's stock had a trading volume of 433,746 shares, compared to its average volume of 776,829. The stock has a market cap of $2.77 billion and a PE ratio of 14.39. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week 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 business's 50-day moving average is $21.31 and its 200-day moving average is $21.30.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. As a group, equities research 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 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 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on CON. 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 research note on Wednesday, March 19th. Royal Bank of Canada restated an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America increased their price target 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. Finally, Wells Fargo & Company lowered their price objective 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, According to MarketBeat, 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.