Public Sector Pension Investment Board Purchases Shares of 348,315 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Public Sector Pension Investment Board purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 348,315 shares of the company’s stock, valued at approximately $7,788,000.

Several other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC purchased a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $297,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth $23,478,000. BNP Paribas Financial Markets purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth $105,000. Advantage Alpha Capital Partners LP purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth $3,162,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth $208,000.

Concentra Group Holdings Parent Stock Down 2.6 %

Concentra Group Holdings Parent stock opened at $21.83 on Friday. 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 52-week low of $18.89 and a 52-week high of $24.81. The company’s fifty day simple moving average is $21.08.

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

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CON shares. JPMorgan Chase & Co. started coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 target price on the stock. Wells Fargo & Company started coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $27.00 target price on the stock. Mizuho initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “outperform” rating and a $28.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.