Covestor Ltd Invests $81,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Covestor Ltd acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,087 shares of the company’s stock, valued at approximately $81,000.

A number of other institutional investors have also added to or reduced their stakes in CON. Smartleaf Asset Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $30,000. Motco bought a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $32,000. Empowered Funds LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $59,000.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $20.21 on Monday. 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 52-week low of $18.89 and a 52-week high of $24.81. The company has a fifty day moving average of $21.90 and a 200-day moving average of $21.29. The stock has a market capitalization of $2.57 billion and a price-to-earnings ratio of 13.38.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) 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. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CON shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, Bank of America increased their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of “Buy” and an average price target 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.