KLP Kapitalforvaltning AS Grows Position in Concentra Group Holdings Parent, Inc. $CON

KLP Kapitalforvaltning AS increased its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,223 shares of the company’s stock after buying an additional 2,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in Concentra Group Holdings Parent were worth $498,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Concentra Group Holdings Parent during the first quarter worth approximately $53,000. Quarry LP acquired a new position in Concentra Group Holdings Parent in the first quarter valued at approximately $63,000. Nisa Investment Advisors LLC boosted its holdings in Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company’s stock valued at $78,000 after purchasing an additional 577 shares in the last quarter. Wealthquest Corp acquired a new position in Concentra Group Holdings Parent in the first quarter valued at approximately $131,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Concentra Group Holdings Parent in the second quarter valued at approximately $156,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $19.90 on Friday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $24.32. The stock has a market cap of $2.55 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.82 and a beta of 0.77. The business has a fifty day simple moving average of $21.85 and a 200-day simple moving average of $21.24. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. The business had revenue of $489.64 million during the quarter. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%. On average, analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.3%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 21.01%.

Wall Street Analyst Weigh In

CON has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research note on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on Concentra Group Holdings Parent in a research report on Thursday, September 18th. They issued an “overweight” rating and a $31.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

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.