Norges Bank Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Norges Bank bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,339,207 shares of the company’s stock, valued at approximately $46,270,000. Norges Bank owned about 1.84% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P grew its position in Concentra Group Holdings Parent by 99.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 772,126 shares of the company’s stock valued at $15,273,000 after purchasing an additional 384,129 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Concentra Group Holdings Parent by 57.8% during 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 during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $1,044,000. Prudential Financial Inc. purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $2,171,000. Finally, Corebridge Financial Inc. lifted its position in Concentra Group Holdings Parent by 382.0% in the 4th quarter. Corebridge Financial Inc. now owns 58,544 shares of the company’s stock valued at $1,158,000 after acquiring an additional 46,397 shares in the last quarter.

Analyst Upgrades and Downgrades

CON has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Bank of America upped their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted 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 note on Wednesday, March 19th. Finally, Royal Bank of Canada restated 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Stock Performance

CON opened at $20.58 on Friday. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company has a market cap of $2.62 billion and a price-to-earnings ratio of 13.63. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company’s 50 day moving average is $22.33 and its 200 day moving average is $21.43.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data 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 business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. On average, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.56%.

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.