LPL Financial LLC Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

LPL Financial LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,622 shares of the company’s stock, valued at approximately $507,000.

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

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $21.25 on Friday. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The stock’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $21.24. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $2.71 billion and a price-to-earnings ratio of 14.07.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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. Research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.18%. Concentra Group Holdings Parent’s payout ratio is currently 16.56%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Finally, Bank of America upped their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently 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.