13,277 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Bought by MetLife Investment Management LLC

MetLife Investment Management LLC acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,277 shares of the company’s stock, valued at approximately $297,000.

Several other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $23,478,000. Loomis Sayles & Co. L P bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $8,676,000. Charles Schwab Investment Management Inc. bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $4,244,000. Finally, Seven Grand Managers LLC bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $3,354,000.

Concentra Group Holdings Parent Trading Down 0.7 %

Shares of Concentra Group Holdings Parent stock opened at $20.27 on Monday. 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’s 50-day moving average price is $20.87. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The business’s revenue was up 3.3% on a year-over-year basis. On average, 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 an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were given a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Analysts Set New Price Targets

CON has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 price target for the company. Wells Fargo & Company assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $27.00 price target for the company. Royal Bank of Canada reduced their price objective on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Bank of America downgraded shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.50 to $24.00 in a report on Monday, October 7th. Finally, Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of “Moderate Buy” and an average price target of $28.50.

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.