Concentra Group Holdings Parent (NYSE:CON) Trading Down 3.3% – What’s Next?

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) were down 3.3% during mid-day trading on Friday . The stock traded as low as $21.62 and last traded at $21.67. Approximately 255,722 shares traded hands during trading, a decline of 57% from the average daily volume of 598,667 shares. The stock had previously closed at $22.42.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 price target on the stock. Truist Financial initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 price target for the company. Bank of America lowered shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.50 to $24.00 in a research note on Monday, October 7th. Wells Fargo & Company initiated coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “overweight” rating and a $27.00 target price on the stock. Finally, Mizuho began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “outperform” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Down 2.3 %

The company’s fifty day moving average is $21.08. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The company’s revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently made changes to their positions in the business. Seven Grand Managers LLC bought a new position in Concentra Group Holdings Parent in the third quarter worth approximately $3,354,000. Oppenheimer Asset Management Inc. bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $675,000. Massachusetts Financial Services Co. MA bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $36,672,000. Charles Schwab Investment Management Inc. purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $4,244,000. Finally, Loomis Sayles & Co. L P bought a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $8,676,000.

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.