Essex Investment Management Co. LLC Makes New $2.15 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Essex Investment Management Co. LLC purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 108,586 shares of the company’s stock, valued at approximately $2,148,000. Essex Investment Management Co. LLC owned approximately 0.09% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. AlphaQuest LLC bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $313,000. Larson Financial Group LLC acquired a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $970,000. PNC Financial Services Group Inc. bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $117,000. Dana Investment Advisors Inc. acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $4,527,000. Finally, Arizona State Retirement System bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $657,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on CON shares. Royal Bank of Canada restated an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America boosted their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $28.63.

Concentra Group Holdings Parent Stock Down 2.1 %

CON opened at $22.26 on Monday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm has a market capitalization of $2.83 billion and a P/E ratio of 14.74. The company’s 50-day moving average is $22.09 and its 200 day moving average is $21.71. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.12%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

About Concentra Group Holdings Parent

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.