Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New $457,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,108 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds have also modified their holdings of CON. Smartleaf Asset Management LLC bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $25,000. Motco acquired a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $32,000. Empowered Funds LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth $49,000. Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at $59,000. Finally, GAMMA Investing LLC acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $64,000.

Analyst Ratings Changes

CON has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America boosted their price objective on shares of 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. Finally, Wells Fargo & Company decreased their target price on shares of 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. Eight equities 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 an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $21.76 on Friday. The business has a 50-day simple moving average of $22.40 and a two-hundred day simple moving average of $21.48. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The stock has a market cap of $2.77 billion and a PE ratio of 14.41. 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 (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 during the quarter, compared to the consensus estimate of $465.00 million. Analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.15%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 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.