Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 99.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 772,126 shares of the company’s stock after acquiring an additional 384,129 shares during the period. Loomis Sayles & Co. L P owned about 0.61% of Concentra Group Holdings Parent worth $15,273,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after purchasing an additional 9,957,396 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Concentra Group Holdings Parent by 57.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock valued at $64,205,000 after buying an additional 1,188,585 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $44,395,000. Charles Schwab Investment Management Inc. lifted its stake in Concentra Group Holdings Parent by 712.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company’s stock worth $30,489,000 after acquiring an additional 1,351,595 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $23,478,000.

Analyst Ratings Changes

Several analysts have recently issued reports on CON shares. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Bank of America raised their price target on shares of 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. Finally, Wells Fargo & Company cut their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Down 1.4 %

NYSE CON opened at $21.47 on Friday. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The firm has a 50 day moving average of $22.40 and a two-hundred day moving average of $21.47. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a market capitalization of $2.73 billion and a PE ratio of 14.22.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced 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. This represents a $0.25 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

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.