CX Institutional Invests $110,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

CX Institutional bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,069 shares of the company’s stock, valued at approximately $110,000.

Several other large investors have also modified their holdings of CON. Price T Rowe Associates Inc. MD raised its stake in Concentra Group Holdings Parent by 450.1% during the fourth 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. raised its position in shares of 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 valued at $243,741,000 after acquiring an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Concentra Group Holdings Parent by 164.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock worth $170,317,000 after purchasing an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Concentra Group Holdings Parent during the fourth quarter worth $65,746,000. Finally, JPMorgan Chase & Co. boosted its holdings in Concentra Group Holdings Parent by 57.8% in 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company lowered 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Trading Down 0.7%

Shares of NYSE:CON opened at $21.29 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company’s 50-day moving average price is $21.42 and its 200 day moving average price is $21.48. The company has a market cap of $2.71 billion and a PE ratio of 15.89. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate 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 posted $0.47 EPS. Sell-side analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent’s payout ratio is currently 18.66%.

About Concentra Group Holdings Parent

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.