Oppenheimer Asset Management Inc. Takes $675,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Oppenheimer Asset Management Inc. purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,194 shares of the company’s stock, valued at approximately $675,000.

Separately, Seven Grand Managers LLC bought a new position in Concentra Group Holdings Parent during the third quarter worth about $3,354,000.

Analyst Ratings Changes

A number of research analysts recently commented on CON shares. Royal Bank of Canada decreased their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “overweight” rating and a $27.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $29.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $20.27 on Wednesday. The stock has a 50-day moving average price of $21.22. 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.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 13th.

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.