Concentra Group Holdings Parent, Inc. (NYSE:CON) Stake Raised by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 1,736.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,053 shares of the company’s stock after acquiring an additional 31,253 shares during the period. New York State Common Retirement Fund’s holdings in Concentra Group Holdings Parent were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth about $49,000. Nisa Investment Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth about $59,000. GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth about $64,000. BNP Paribas Financial Markets purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $105,000. Finally, EMC Capital Management purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth about $122,000.

Concentra Group Holdings Parent Trading Up 0.5 %

Shares of NYSE:CON opened at $22.48 on Wednesday. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The business’s 50 day moving average is $21.92 and its 200-day moving average is $21.73. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its 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 company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.11%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CON shares. Bank of America raised their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $28.63.

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.