The Manufacturers Life Insurance Company Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

The Manufacturers Life Insurance Company purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,308 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds have also bought and sold shares of CON. Oppenheimer Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $675,000. Seven Grand Managers LLC bought a new position in Concentra Group Holdings Parent during the 3rd quarter worth $3,354,000. Charles Schwab Investment Management Inc. acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $4,244,000. Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $8,676,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $36,672,000.

Concentra Group Holdings Parent Stock Up 3.8 %

Shares of NYSE:CON opened at $21.27 on Tuesday. The stock’s 50 day moving average price is $20.79. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. 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 (NYSE:CON) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate 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 an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CON shares. Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 price objective for the company. Wells Fargo & Company started coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $27.00 target price on the stock. Finally, Bank of America raised shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.50.

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.