Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP reduced its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 14.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,013 shares of the company’s stock after selling 20,422 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Concentra Group Holdings Parent were worth $2,394,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CON. Vanguard Group Inc. raised its holdings in Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after buying an additional 9,957,396 shares during the period. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent in the fourth quarter worth $44,395,000. JPMorgan Chase & Co. acquired a new position in Concentra Group Holdings Parent in the third quarter worth $46,003,000. Massachusetts Financial Services Co. MA acquired a new position in Concentra Group Holdings Parent in the third quarter worth $36,672,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Concentra Group Holdings Parent by 712.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company’s stock valued at $30,489,000 after acquiring an additional 1,351,595 shares during the period.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $20.85 on Monday. The firm’s fifty day moving average price is $22.34 and its two-hundred day moving average price is $21.52. The stock has a market cap of $2.65 billion and a PE ratio of 13.81. 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 quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.56%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Bank of America lifted 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus 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.