12,133 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Purchased by Summit X LLC

Summit X LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,133 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $675,000. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $36,672,000. Charles Schwab Investment Management Inc. purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $4,244,000. Loomis Sayles & Co. L P purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $208,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on CON. Bank of America boosted their target price on 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. Wells Fargo & Company cut their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent 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 stock presently has an average rating of “Buy” and a consensus price target of $28.38.

Concentra Group Holdings Parent Stock Down 3.7 %

CON opened at $20.65 on Thursday. The company has a market capitalization of $2.63 billion and a PE ratio of 13.67. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The firm’s 50 day simple moving average is $22.15 and its two-hundred day simple moving average is $21.68. 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 (NYSE:CON) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating 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. As a group, equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.21%. Concentra Group Holdings Parent’s payout ratio is 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.