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

Natixis Advisors LLC bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,209 shares of the company’s stock, valued at approximately $578,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at $44,395,000. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $46,003,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Concentra Group Holdings Parent by 712.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company’s stock worth $30,489,000 after buying an additional 1,351,595 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Concentra Group Holdings Parent during the third quarter worth about $23,478,000. Finally, Bank of New York Mellon Corp grew its stake in Concentra Group Holdings Parent by 1,339.5% during the 4th quarter. Bank of New York Mellon Corp now owns 704,618 shares of the company’s stock valued at $13,937,000 after acquiring an additional 655,669 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CON. JPMorgan Chase & Co. raised 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. Wells Fargo & Company lowered 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 note on Wednesday, March 12th. Bank of America raised their target price on 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $21.76 on Friday. The stock has a fifty day simple moving average of $22.40 and a 200-day simple moving average of $21.48. 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 stock has a market cap of $2.77 billion and a PE ratio of 14.41. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS 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 analyst estimates of $465.00 million. Equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.15%. Concentra Group Holdings Parent’s payout ratio is currently 16.56%.

Concentra Group Holdings Parent Company 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.