Deutsche Bank AG Grows Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Deutsche Bank AG raised its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 911.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,647 shares of the company’s stock after purchasing an additional 79,885 shares during the period. Deutsche Bank AG owned 0.07% of Concentra Group Holdings Parent worth $1,753,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $30,000. Motco purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $32,000. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $49,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth $59,000.

Concentra Group Holdings Parent Price Performance

NYSE:CON opened at $21.14 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 has a fifty day moving average of $21.29 and a 200 day moving average of $21.40. 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 firm has a market capitalization of $2.69 billion and a price-to-earnings ratio of 15.77.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. During the same quarter last year, the business posted $0.47 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 20th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent’s dividend payout ratio is currently 18.66%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CON. JPMorgan Chase & Co. boosted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating, According to 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 Company 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.