Huber Capital Management LLC Acquires New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Huber Capital Management LLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 31,667 shares of the company’s stock, valued at approximately $626,000.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $25,000. Motco acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $32,000. Empowered Funds LLC bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at $49,000. Nisa Investment Advisors LLC acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth $59,000. Finally, GAMMA Investing LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth $64,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CON. Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Bank of America lifted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $22.53 on Thursday. The firm has a 50 day moving average of $22.42 and a 200-day moving average of $21.45. The company has a market cap of $2.87 billion and a price-to-earnings ratio of 14.92. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. On average, equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s payout ratio is 16.56%.

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.