SG Americas Securities LLC Invests $966,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

SG Americas Securities LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,508 shares of the company’s stock, valued at approximately $966,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Concentra Group Holdings Parent by 450.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock worth $342,994,000 after buying an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Concentra Group Holdings Parent by 421.0% during the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock worth $243,741,000 after buying an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Concentra Group Holdings Parent by 164.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock worth $170,317,000 after buying an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth $65,746,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Concentra Group Holdings Parent by 57.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock worth $64,205,000 after buying an additional 1,188,585 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CON. Wells Fargo & Company cut their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price target on 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Trading Down 1.0%

Concentra Group Holdings Parent stock opened at $20.89 on Thursday. The stock has a market cap of $2.68 billion and a PE ratio of 15.59. The stock has a 50-day moving average price of $21.42 and a 200 day moving average price of $21.47. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 5.18.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analysts’ expectations of $496.06 million. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent’s dividend payout ratio is presently 18.66%.

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.