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

Barclays PLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,761 shares of the company’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Seven Grand Managers LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $3,354,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the third quarter worth about $675,000. Massachusetts Financial Services Co. MA bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $36,672,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth $4,244,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000.

Analyst Upgrades and Downgrades

CON has been the topic of several analyst reports. Bank of America raised Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, December 16th. Royal Bank of Canada dropped their price objective on 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Trading Down 1.6 %

Concentra Group Holdings Parent stock opened at $19.78 on Wednesday. The company’s 50-day moving average price is $20.67. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

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

Concentra Group Holdings Parent 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.