Vanguard Group Inc. Buys 9,957,396 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Vanguard Group Inc. increased its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 421.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,322,623 shares of the company’s stock after acquiring an additional 9,957,396 shares during the period. Vanguard Group Inc. owned about 9.68% of Concentra Group Holdings Parent worth $243,741,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $4,244,000. The Manufacturers Life Insurance Company purchased a new stake in Concentra Group Holdings Parent in the third quarter worth approximately $208,000. BNP Paribas Financial Markets bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth approximately $105,000. MetLife Investment Management LLC purchased a new position in shares of Concentra Group Holdings Parent in the third quarter valued at about $297,000. Finally, Verition Fund Management LLC purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $661,000.

Analysts Set New Price Targets

CON has been the subject of a number of analyst reports. Bank of America raised their target price on shares of 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. JPMorgan Chase & Co. boosted their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Wells Fargo & Company lowered their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, 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 report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $20.58 on Friday. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The firm has a market capitalization of $2.62 billion and a PE ratio of 13.63. The firm’s 50-day simple moving average is $22.33 and its 200 day simple moving average is $21.42. 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 released its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. On average, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.21%. Concentra Group Holdings Parent’s 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.