PNC Financial Services Group Inc. Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

PNC Financial Services Group Inc. bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,934 shares of the company’s stock, valued at approximately $117,000.

Several other hedge funds also recently made changes to their positions in CON. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $36,672,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $4,244,000. Loomis Sayles & Co. L P bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $8,676,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $208,000. Finally, Advantage Alpha Capital Partners LP bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $3,162,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Bank of America increased their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $21.49 on Tuesday. The firm’s 50-day moving average price is $22.36 and its 200-day moving average price is $21.50. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The company has a market cap of $2.74 billion and a PE ratio of 14.23. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. As a group, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. 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.