Corebridge Financial Inc. Has $1.16 Million Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Corebridge Financial Inc. boosted its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 382.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,544 shares of the company’s stock after purchasing an additional 46,397 shares during the quarter. Corebridge Financial Inc.’s holdings in Concentra Group Holdings Parent were worth $1,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CON. Vanguard Group Inc. lifted its stake in shares of Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after buying an additional 9,957,396 shares in the last quarter. LPL Financial LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $507,000. KLP Kapitalforvaltning AS acquired a new position in Concentra Group Holdings Parent during the 4th quarter valued at about $487,000. Knights of Columbus Asset Advisors LLC bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $1,337,000. Finally, Sei Investments Co. raised its stake in shares of Concentra Group Holdings Parent by 65.6% in the fourth quarter. Sei Investments Co. now owns 50,401 shares of the company’s stock worth $997,000 after purchasing an additional 19,964 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

CON opened at $20.58 on Friday. The firm has a market cap of $2.62 billion and a P/E ratio of 13.63. 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. The firm has a 50-day moving average of $22.33 and a 200 day moving average of $21.43.

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 for 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.21%. Concentra Group Holdings Parent’s payout ratio is presently 16.56%.

Analyst Upgrades and Downgrades

CON has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America upped their target price 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 dropped their price target 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, JPMorgan Chase & Co. upped their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.