Geode Capital Management LLC Makes New $11.12 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Geode Capital Management LLC acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 497,310 shares of the company’s stock, valued at approximately $11,122,000. Geode Capital Management LLC owned approximately 0.39% of Concentra Group Holdings Parent as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CON. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent during the third quarter valued at $36,672,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $23,478,000. Loomis Sayles & Co. L P bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $8,676,000. Public Sector Pension Investment Board purchased a new position in Concentra Group Holdings Parent in the third quarter worth about $7,788,000. Finally, State Street Corp bought a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $6,804,000.

Concentra Group Holdings Parent Trading Down 1.6 %

Shares of NYSE CON opened at $19.78 on Wednesday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. 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 business has a 50 day simple moving average of $20.67.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CON shares. Bank of America raised 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. Royal Bank of Canada lowered their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. 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 a consensus price target of $28.50.

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.