Syquant Capital Sas Acquires New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Syquant Capital Sas bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, Holdings Channel.com reports. The firm bought 73,893 shares of the company’s stock, valued at approximately $1,462,000. Concentra Group Holdings Parent comprises 2.1% of Syquant Capital Sas’ portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Seven Grand Managers LLC acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $3,354,000. Oppenheimer Asset Management Inc. acquired a new stake in Concentra Group Holdings Parent during the third quarter worth about $675,000. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $36,672,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $4,244,000. Finally, Loomis Sayles & Co. L P acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $8,676,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON traded up $0.23 during mid-day trading on Monday, reaching $19.96. The company had a trading volume of 83,646 shares, compared to its average volume of 670,749. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The business has a fifty day simple moving average of $20.51. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research 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 firm also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Analysts Set New Price Targets

CON has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. 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 research note on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.