Summit X LLC Takes $240,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Summit X LLC acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,133 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of CON. Smartleaf Asset Management LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $25,000. Motco bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $32,000. Empowered Funds LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $49,000. Nisa Investment Advisors LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $59,000. Finally, GAMMA Investing LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter valued at approximately $64,000.

Wall Street Analysts Forecast Growth

CON has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America lifted their target price 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, Wells Fargo & Company reduced 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent has an average rating of “Buy” and an average price target of $28.38.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $20.65 on Thursday. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The stock has a market cap of $2.63 billion and a PE ratio of 13.67. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company’s fifty day moving average price is $22.15 and its 200-day moving average price is $21.68.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. On average, equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 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.