Nisa Investment Advisors LLC Buys Shares of 2,997 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,997 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds have also made changes to their positions in CON. Seven Grand Managers LLC acquired a new position in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $3,354,000. Oppenheimer Asset Management Inc. purchased a new position in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $675,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Concentra Group Holdings Parent in the third quarter worth $36,672,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $4,244,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $8,676,000.

Concentra Group Holdings Parent Stock Down 0.6 %

Shares of CON opened at $23.30 on Friday. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The company has a 50 day simple moving average of $21.07.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CON shares. Bank of America boosted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $28.63.

Concentra Group Holdings Parent Company 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.