The Manufacturers Life Insurance Company Buys 537,455 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

The Manufacturers Life Insurance Company grew its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 5,774.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 546,763 shares of the company's stock after purchasing an additional 537,455 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.43% of Concentra Group Holdings Parent worth $10,815,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Concentra Group Holdings Parent by 450.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after acquiring an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Concentra Group Holdings Parent by 421.0% during the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after purchasing an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Concentra Group Holdings Parent by 164.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after purchasing an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP bought a new stake in Concentra Group Holdings Parent in the fourth quarter worth $65,746,000. Finally, JPMorgan Chase & Co. boosted its position in Concentra Group Holdings Parent by 57.8% during the fourth quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company's stock valued at $64,205,000 after buying an additional 1,188,585 shares during the period.

Concentra Group Holdings Parent Stock Performance

CON stock traded up $0.28 on Friday, hitting $21.39. The company had a trading volume of 884,640 shares, compared to its average volume of 771,543. The stock has a market cap of $2.72 billion and a price-to-earnings ratio of 14.17. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock's 50-day simple moving average is $21.20 and its 200 day simple moving average is $21.31. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. During the same period in the previous year, the firm earned $0.47 EPS. The business's revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 16.56%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective 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 upped their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their target price 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $28.50.

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.