Tower Research Capital LLC TRC Raises Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Tower Research Capital LLC TRC increased its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 283.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,430 shares of the company’s stock after purchasing an additional 4,751 shares during the period. Tower Research Capital LLC TRC’s holdings in Concentra Group Holdings Parent were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CON. Barclays PLC acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $710,000. Franklin Resources Inc. acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth about $3,336,000. GAMMA Investing LLC purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at about $64,000. Everence Capital Management Inc. acquired a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at about $269,000. Finally, Syquant Capital Sas purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth about $1,462,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CON. JPMorgan Chase & Co. raised 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 report on Wednesday, March 19th. Wells Fargo & Company decreased their target price 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 reaffirmed 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. Finally, Bank of America boosted their price objective 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $21.89 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The business’s 50 day moving average is $21.25 and its two-hundred day moving average is $21.31. The company has a market capitalization of $2.79 billion and a P/E ratio of 14.50.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.14%. Concentra Group Holdings Parent’s payout ratio is currently 16.56%.

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.