Cohen & Steers Inc. Sells 20,000 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Cohen & Steers Inc. trimmed its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 15.4% during the 4th quarter, HoldingsChannel reports. The fund owned 110,000 shares of the company’s stock after selling 20,000 shares during the quarter. Cohen & Steers Inc.’s holdings in Concentra Group Holdings Parent were worth $2,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in 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 worth $243,741,000 after purchasing an additional 9,957,396 shares during the period. Norges Bank bought a new stake in Concentra Group Holdings Parent in the fourth quarter valued at about $46,270,000. Principal Financial Group Inc. acquired a new position in Concentra Group Holdings Parent in the fourth quarter worth about $44,395,000. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent during the third quarter worth about $46,003,000. Finally, Geode Capital Management LLC boosted its holdings in Concentra Group Holdings Parent by 394.3% during the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock valued at $48,631,000 after purchasing an additional 1,960,710 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on 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 dropped 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. Bank of America upped their price objective 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Up 2.8 %

Shares of NYSE:CON opened at $20.86 on Tuesday. The company has a 50 day moving average of $21.85 and a 200-day moving average of $21.28. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The stock has a market cap of $2.66 billion and a price-to-earnings ratio of 13.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued 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, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is currently 16.56%.

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.