Charles Schwab Investment Management Inc. Invests $4.24 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Charles Schwab Investment Management Inc. purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 189,810 shares of the company’s stock, valued at approximately $4,244,000.

A number of other hedge funds have also recently made changes to their positions in CON. Oppenheimer Asset Management Inc. bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $675,000. Seven Grand Managers LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $3,354,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $36,672,000.

Analyst Ratings Changes

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

Concentra Group Holdings Parent Price Performance

CON stock opened at $20.53 on Friday. The firm’s 50-day moving average price is $20.75. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm 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 research analysts expect 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 declared 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.

Concentra Group Holdings Parent Profile

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.