LSV Asset Management Buys Shares of 159,278 Concentra Group Holdings Parent, Inc. (NYSE:CON)

LSV Asset Management purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 159,278 shares of the company’s stock, valued at approximately $3,151,000. LSV Asset Management owned approximately 0.13% of Concentra Group Holdings Parent at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $208,000. BNP Paribas Financial Markets acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $105,000. State Street Corp purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $6,804,000. Jane Street Group LLC acquired a new position in Concentra Group Holdings Parent in the third quarter valued at $584,000. Finally, Barclays PLC purchased a new position in Concentra Group Holdings Parent during the third quarter worth about $710,000.

Wall Street Analyst Weigh In

Several analysts have commented on CON shares. Bank of America lifted their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on shares of 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $20.21 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a market cap of $2.57 billion and a PE ratio of 13.38. The company’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $21.29. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. As a group, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

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.