Loomis Sayles & Co. L P Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Loomis Sayles & Co. L P acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 387,997 shares of the company’s stock, valued at approximately $8,676,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $675,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $36,672,000. Seven Grand Managers LLC purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $3,354,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $4,244,000.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $22.47 on Thursday. The stock has a 50-day moving average price of $21.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. 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) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

Analyst Ratings Changes

CON has been the topic of several recent analyst reports. Truist Financial initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 target price on the stock. Royal Bank of Canada reduced their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $32.00 target price on the stock. Wells Fargo & Company initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $27.00 target price on the stock. Finally, Bank of America downgraded Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.50 to $24.00 in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of “Moderate 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.