Swiss National Bank Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Swiss National Bank purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 225,235 shares of the company’s stock, valued at approximately $4,455,000.

A number of other hedge funds have also modified their holdings of CON. Smartleaf Asset Management LLC purchased a new stake in Concentra Group Holdings Parent during the 4th quarter worth about $25,000. Motco purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth about $32,000. Empowered Funds LLC acquired a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $49,000. Nisa Investment Advisors LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $59,000. Finally, GAMMA Investing LLC acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $64,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CON. Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America increased their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $21.15 on Wednesday. The company has a market cap of $2.69 billion and a P/E ratio of 14.01. The business has a 50 day moving average of $22.37 and a two-hundred day moving average of $21.48. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. As a group, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.18%. Concentra Group Holdings Parent’s payout ratio is currently 16.56%.

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.