Voya Investment Management LLC Makes New $641,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Voya Investment Management LLC acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,406 shares of the company's stock, valued at approximately $641,000.

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

Wall Street Analyst Weigh In

CON has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted 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 note on Wednesday, March 19th. 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 note on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Finally, Bank of America raised their price objective 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of "Buy" and an average target price of $28.50.

Concentra Group Holdings Parent Stock Down 1.0%

Shares of CON stock traded down $0.22 during trading hours on Wednesday, reaching $21.19. 129,438 shares of the company's stock were exchanged, compared to its average volume of 767,131. 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 moving average is $21.15 and its 200-day moving average is $21.32. 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 market cap of $2.70 billion and a price-to-earnings ratio of 15.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share (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 analysts' expectations of $496.06 million. During the same quarter in the previous 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 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 company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent's payout ratio is currently 18.66%.

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.