KBC Group NV Buys New Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

KBC Group NV acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,857 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth about $59,000. GAMMA Investing LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $64,000. BNP Paribas Financial Markets purchased a new position in Concentra Group Holdings Parent during the third quarter valued at $105,000. The Manufacturers Life Insurance Company bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $208,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $297,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $23.21 on Tuesday. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company’s fifty day moving average price is $21.09.

Wall Street Analyst Weigh In

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

About Concentra Group Holdings Parent

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.