Concentra Group Holdings Parent, Inc. (NYSE:CON) Position Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 40,570 shares of the company’s stock after selling 932 shares during the period. Yousif Capital Management LLC’s holdings in Concentra Group Holdings Parent were worth $880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Concentra Group Holdings Parent by 450.1% during 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 acquiring an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. increased its stake in Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after purchasing an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. increased 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 valued at $170,317,000 after purchasing an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $65,746,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Concentra Group Holdings Parent by 57.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock worth $64,205,000 after buying an additional 1,188,585 shares during the last quarter.

Wall Street Analysts Forecast Growth

CON has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of 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. JPMorgan Chase & Co. lifted their target price 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Down 1.0%

CON stock opened at $20.89 on Friday. The stock has a market cap of $2.68 billion and a PE ratio of 15.59. The firm’s 50-day simple moving average is $21.43 and its 200 day simple moving average is $21.47. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18.

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 company had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. Concentra Group Holdings Parent’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

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 1.20%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent’s payout ratio is currently 18.66%.

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.