New Age Alpha Advisors LLC Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

New Age Alpha Advisors LLC acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 14,620 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CON. Vanguard Group Inc. increased its position in shares of Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock worth $243,741,000 after purchasing an additional 9,957,396 shares in the last quarter. JPMorgan Chase & Co. increased its position in Concentra Group Holdings Parent by 57.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock valued at $64,205,000 after buying an additional 1,188,585 shares in the last quarter. Norges Bank purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at about $46,270,000. Principal Financial Group Inc. purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at about $44,395,000. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $30,489,000 after acquiring an additional 1,351,595 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $22.07 on Wednesday. The company has a market capitalization of $2.81 billion and a P/E ratio of 14.61. The business’s 50-day moving average is $22.41 and its two-hundred day moving average is $21.44. 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, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

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

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CON. JPMorgan Chase & Co. lifted their target price on shares of 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. Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America upped their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.