Jane Street Group LLC Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Jane Street Group LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,096 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $8,676,000. State Street Corp purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $6,804,000. Fred Alger Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $689,000. The Manufacturers Life Insurance Company purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $208,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $4,244,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CON shares. Royal Bank of Canada lowered 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 report on Monday, November 4th. Bank of America raised shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $19.60 on Friday. 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, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The stock’s fifty day moving average price is $20.57.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced 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 was Wednesday, November 13th.

Concentra Group Holdings Parent Company 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.