Legal & General Group Plc Increases Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Legal & General Group Plc lifted its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 382.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 302,834 shares of the company’s stock after buying an additional 240,056 shares during the period. Legal & General Group Plc owned approximately 0.24% of Concentra Group Holdings Parent worth $5,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Concentra Group Holdings Parent by 421.0% during the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock worth $243,741,000 after acquiring an additional 9,957,396 shares during the period. JPMorgan Chase & Co. lifted 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 worth $64,205,000 after purchasing an additional 1,188,585 shares during the period. Geode Capital Management LLC grew its position in Concentra Group Holdings Parent by 394.3% in the 4th quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock valued at $48,631,000 after buying an additional 1,960,710 shares during the last quarter. Norges Bank acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at $46,270,000. Finally, Principal Financial Group Inc. purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth $44,395,000.

Concentra Group Holdings Parent Stock Performance

CON opened at $20.32 on Monday. The stock’s 50 day simple moving average is $21.66 and its 200 day simple moving average is $21.24. The stock has a market cap of $2.59 billion and a P/E ratio of 13.46. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. As a group, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

Analyst Ratings Changes

CON has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Wells Fargo & Company dropped their target price 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. Bank of America raised their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $28.50.

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.