13,435 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,435 shares of the company’s stock, valued at approximately $266,000.

A number of other institutional investors also recently added to or reduced their stakes in CON. Yousif Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $821,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $279,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $9,876,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $886,000. Finally, Legal & General Group Plc grew its holdings in shares of Concentra Group Holdings Parent by 382.4% during the fourth quarter. Legal & General Group Plc now owns 302,834 shares of the company’s stock worth $5,990,000 after buying an additional 240,056 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $21.42 on Monday. The stock has a market cap of $2.73 billion and a price-to-earnings ratio of 15.99. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company’s 50-day moving average price is $21.39 and its 200 day moving average price is $21.48. 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 (NYSE:CON) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. During the same period in the prior year, the business earned $0.47 earnings per share. Concentra Group Holdings Parent’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. Concentra Group Holdings Parent’s dividend payout ratio is presently 18.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CON shares. Wells Fargo & Company dropped their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target 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.