State Street Corp Makes New $6.80 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

State Street Corp bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 304,299 shares of the company’s stock, valued at approximately $6,804,000. State Street Corp owned 0.24% of Concentra Group Holdings Parent at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $105,000. The Manufacturers Life Insurance Company bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $208,000. MetLife Investment Management LLC bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $297,000. Verition Fund Management LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $661,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $675,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $20.39 on Friday. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The business’s 50 day moving average is $20.73. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

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

Concentra Group Holdings Parent Dividend Announcement

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

Analysts Set New Price Targets

CON has been the subject of several recent research reports. Royal Bank of Canada reduced their target price on shares of 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 upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.50.

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.