JPMorgan Chase & Co. Invests $46 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, according to its most recent filing with the SEC. The fund acquired 2,057,358 shares of the company’s stock, valued at approximately $46,003,000. JPMorgan Chase & Co. owned 1.62% of Concentra Group Holdings Parent as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CON. Seven Grand Managers LLC purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $3,354,000. Oppenheimer Asset Management Inc. purchased a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $675,000. Massachusetts Financial Services Co. MA bought a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $36,672,000. Charles Schwab Investment Management Inc. purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $4,244,000. Finally, Loomis Sayles & Co. L P bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $8,676,000.

Concentra Group Holdings Parent Price Performance

CON opened at $19.60 on Monday. 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 company has a fifty day moving average price of $20.57. 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 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 firm had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced 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 of this dividend was Wednesday, November 13th.

Wall Street Analyst Weigh In

CON has been the topic of several research analyst reports. Bank of America raised shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, December 16th. Royal Bank of Canada decreased their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average 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.