Concentra Group Holdings Parent, Inc. $CON Stock Holdings Increased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC raised its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 392,000 shares of the company’s stock after buying an additional 47,289 shares during the quarter. Ceredex Value Advisors LLC owned about 0.31% of Concentra Group Holdings Parent worth $8,063,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CON. MAI Capital Management raised its position in shares of Concentra Group Holdings Parent by 48,400.0% during the 2nd quarter. MAI Capital Management now owns 1,940 shares of the company’s stock valued at $40,000 after acquiring an additional 1,936 shares in the last quarter. CWM LLC raised its holdings in shares of Concentra Group Holdings Parent by 32.5% during the second quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after purchasing an additional 527 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Concentra Group Holdings Parent in the 1st quarter worth about $53,000. Quarry LP bought a new position in shares of Concentra Group Holdings Parent in the 1st quarter worth about $63,000. Finally, Wealthquest Corp acquired a new position in shares of Concentra Group Holdings Parent in the 1st quarter valued at about $131,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CON shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research note on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an “overweight” rating and a $31.00 target price for the company. Finally, Zacks Research downgraded Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $20.56 on Friday. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.55 and a 12-month high of $24.17. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. The business has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $21.03.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.The firm had revenue of $489.64 million for the quarter. On average, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio is currently 20.83%.

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.