Foundry Partners LLC Purchases New Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Foundry Partners LLC acquired a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,903 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new stake in Concentra Group Holdings Parent in the fourth quarter worth $25,000. Motco bought a new position in Concentra Group Holdings Parent in the 4th quarter worth $32,000. Empowered Funds LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth about $49,000. Nisa Investment Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $59,000. Finally, GAMMA Investing LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $64,000.

Concentra Group Holdings Parent Trading Down 6.7 %

Concentra Group Holdings Parent stock opened at $20.58 on Friday. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 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. The business’s fifty day simple moving average is $22.33 and its two-hundred day simple moving average is $21.42. The company has a market capitalization of $2.62 billion and a price-to-earnings ratio of 13.63.

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

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued 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 yield of 1.21%. Concentra Group Holdings Parent’s payout ratio is currently 16.56%.

Analyst Ratings Changes

Several analysts have commented on CON shares. Wells Fargo & Company lowered their price objective 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. Bank of America raised their target price on 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent 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.