Motco Acquires New Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Motco acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,613 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently bought and sold shares of CON. Principal Financial Group Inc. acquired a new stake in Concentra Group Holdings Parent during the fourth quarter valued at $44,395,000. JPMorgan Chase & Co. acquired a new stake in Concentra Group Holdings Parent during the third quarter valued at $46,003,000. Massachusetts Financial Services Co. MA acquired a new stake in Concentra Group Holdings Parent during the third quarter valued at $36,672,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent during the third quarter valued at $23,478,000. Finally, Bank of New York Mellon Corp boosted its position in Concentra Group Holdings Parent by 1,339.5% during the fourth quarter. Bank of New York Mellon Corp now owns 704,618 shares of the company’s stock valued at $13,937,000 after purchasing an additional 655,669 shares during the last quarter.

Concentra Group Holdings Parent Trading Down 0.5 %

Shares of NYSE:CON opened at $22.59 on Friday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two 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 business has a 50-day moving average of $21.83 and a two-hundred day moving average of $21.75.

Wall Street Analyst Weigh In

CON has been the subject of a number of research reports. Bank of America lifted their price objective on 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. Royal Bank of Canada reaffirmed 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 company currently has an average rating of “Buy” and a consensus target price of $28.63.

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.