Larson Financial Group LLC Purchases Shares of 49,054 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Larson Financial Group LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 49,054 shares of the company’s stock, valued at approximately $970,000.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $117,000. Dana Investment Advisors Inc. purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth $4,527,000. Arizona State Retirement System acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $657,000. M&T Bank Corp purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at $543,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at $533,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $22.26 on Monday. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. 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 cap of $2.83 billion and a PE ratio of 14.74. The business has a 50-day simple moving average of $22.09 and a 200-day simple moving average of $21.71.

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

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analyst Weigh In

CON has been the subject of a number of research reports. Bank of America lifted their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $28.63.

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.