GAMMA Investing LLC Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

GAMMA Investing LLC acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,211 shares of the company’s stock, valued at approximately $64,000.

A number of other large investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $105,000. The Manufacturers Life Insurance Company acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth approximately $208,000. MetLife Investment Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $297,000. Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $584,000. Finally, Verition Fund Management LLC bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $661,000.

Wall Street Analysts Forecast Growth

CON has been the subject of a number of recent analyst reports. Bank of America upgraded Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, December 16th. Royal Bank of Canada dropped their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $19.76 on Monday. The firm has a 50-day moving average of $20.51. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research 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 firm also recently declared an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

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.