Swiss National Bank Invests $4.46 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Swiss National Bank bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 225,235 shares of the company’s stock, valued at approximately $4,455,000. Swiss National Bank owned approximately 0.18% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CON. Principal Financial Group Inc. purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $44,395,000. JPMorgan Chase & Co. purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $46,003,000. Charles Schwab Investment Management Inc. boosted its stake in Concentra Group Holdings Parent by 712.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company’s stock worth $30,489,000 after purchasing an additional 1,351,595 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth $23,478,000. Finally, Bank of New York Mellon Corp grew its position in Concentra Group Holdings Parent by 1,339.5% during the 4th quarter. Bank of New York Mellon Corp now owns 704,618 shares of the company’s stock worth $13,937,000 after purchasing an additional 655,669 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $21.15 on Wednesday. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company has a market cap of $2.69 billion and a P/E ratio of 14.01. The business has a fifty day moving average of $22.37 and a two-hundred day moving average of $21.48.

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

Concentra Group Holdings Parent Announces Dividend

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 of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.18%. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of 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 decreased their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of “Buy” and an average price target of $28.50.

About Concentra Group Holdings Parent

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.