State Street Corp Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

State Street Corp acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 304,299 shares of the company’s stock, valued at approximately $6,804,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Maven Securities LTD bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $1,230,000. PFM Health Sciences LP acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $6,708,000. Fred Alger Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $689,000. Verition Fund Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $661,000. Finally, Public Sector Pension Investment Board acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth $7,788,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Bank of America raised Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Down 1.0 %

Shares of CON opened at $20.39 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The firm’s fifty day moving average price is $20.73. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

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.