Concentra Group Holdings Parent, Inc. (NYSE:CON) Stock Holdings Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 29.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 24,572 shares of the company’s stock after acquiring an additional 5,600 shares during the period. Handelsbanken Fonder AB’s holdings in Concentra Group Holdings Parent were worth $533,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock valued at $342,994,000 after buying an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. grew its position in Concentra Group Holdings Parent by 421.0% in the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after buying an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Concentra Group Holdings Parent by 164.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock valued at $170,317,000 after buying an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $65,746,000. Finally, Norges Bank bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $46,270,000.

Concentra Group Holdings Parent Stock Down 1.7%

Shares of NYSE CON opened at $21.42 on Monday. The stock has a market cap of $2.73 billion and a PE ratio of 15.99. The business has a fifty day moving average of $21.39 and a two-hundred day moving average of $21.48. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 20th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 18.66%.

Wall Street Analyst Weigh In

CON has been the subject of several research reports. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of “Buy” and an average target price 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.