Barclays PLC Invests $710,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Barclays PLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 31,761 shares of the company’s stock, valued at approximately $710,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000. State Street Corp bought a new stake in Concentra Group Holdings Parent during the third quarter worth about $6,804,000. Geode Capital Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth about $11,122,000. Jane Street Group LLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth about $584,000. Finally, Fred Alger Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth about $689,000.

Concentra Group Holdings Parent Trading Up 2.4 %

Shares of NYSE CON opened at $20.91 on Thursday. The business has a 50 day moving average price of $20.53. 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 debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed 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.

Analysts Set New Price Targets

Several equities research analysts recently commented on CON shares. 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, December 16th. Royal Bank of Canada dropped their price objective on shares of 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.