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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huber Capital Management LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $626,000. Kesler Norman & Wride LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth $353,000. Massachusetts Financial Services Co. MA raised its position in shares of Concentra Group Holdings Parent by 8.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,782,422 shares of the company’s stock worth $35,256,000 after buying an additional 142,363 shares in the last quarter. Geode Capital Management LLC boosted its stake in Concentra Group Holdings Parent by 394.3% during the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock valued at $48,631,000 after buying an additional 1,960,710 shares during the period. Finally, Franklin Resources Inc. grew its position in Concentra Group Holdings Parent by 20.5% during the fourth quarter. Franklin Resources Inc. now owns 191,946 shares of the company’s stock worth $3,797,000 after buying an additional 32,699 shares in the last quarter.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $20.58 on Friday. The firm has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $21.42. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a market capitalization of $2.62 billion and a PE ratio of 13.63.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is 16.56%.

Analysts Set New Price Targets

CON has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Bank of America boosted their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. 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 on the stock in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.