Vestcor Inc Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Vestcor Inc purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,921 shares of the company’s stock, valued at approximately $176,000.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $25,000. Motco bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $32,000. Empowered Funds LLC bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $49,000. Nisa Investment Advisors LLC bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $59,000. Finally, GAMMA Investing LLC bought a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $64,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America increased their price objective 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 lowered 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $28.38.

Concentra Group Holdings Parent Stock Performance

CON opened at $20.86 on Wednesday. The firm has a market cap of $2.66 billion and a P/E ratio of 13.81. 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 debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The business’s fifty day moving average is $22.26 and its 200-day moving average is $21.59.

Concentra Group Holdings Parent (NYSE:CON) last released 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 analyst estimates of $465.00 million. Sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.20%. 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 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.