New Age Alpha Advisors LLC Takes $289,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

New Age Alpha Advisors LLC bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $46,003,000. State Street Corp bought a new position in Concentra Group Holdings Parent during the third quarter valued at $6,804,000. Geode Capital Management LLC purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth $11,122,000. Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $584,000. Finally, Barclays PLC purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $710,000.

Concentra Group Holdings Parent Trading Up 1.7 %

Shares of CON opened at $22.07 on Wednesday. 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 firm has a market capitalization of $2.81 billion and a price-to-earnings ratio of 14.61. The company has a 50-day moving average of $22.41 and a 200 day moving average of $21.44. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS 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. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.13%. Concentra Group Holdings Parent’s dividend payout ratio is currently 16.56%.

Analyst Ratings Changes

CON has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America boosted their price objective on shares of 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, JPMorgan Chase & Co. lifted their price target 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.