Victory Capital Management Inc. Makes New $533,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Victory Capital Management Inc. bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,936 shares of the company’s stock, valued at approximately $533,000.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth about $25,000. Motco bought a new position in Concentra Group Holdings Parent in the 4th quarter worth about $32,000. Empowered Funds LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth about $49,000. Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth about $59,000. Finally, GAMMA Investing LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth about $64,000.

Wall Street Analysts Forecast Growth

CON has been the subject of several analyst reports. Bank of America raised their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note 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 on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $20.85 on Friday. The stock has a market cap of $2.65 billion and a price-to-earnings ratio of 13.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The stock’s 50-day moving average is $22.34 and its 200 day moving average is $21.56.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. On average, sell-side analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.20%. Concentra Group Holdings Parent’s dividend payout ratio is 16.56%.

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.