Victory Capital Management Inc. Makes New $533,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Victory Capital Management Inc. purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,936 shares of the company’s stock, valued at approximately $533,000.

A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $44,395,000. JPMorgan Chase & Co. purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $46,003,000. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $36,672,000. Charles Schwab Investment Management Inc. increased its stake in Concentra Group Holdings Parent by 712.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,541,405 shares of the company’s stock worth $30,489,000 after purchasing an additional 1,351,595 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $23,478,000.

Concentra Group Holdings Parent Trading Down 2.1 %

NYSE CON opened at $20.85 on Friday. 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, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The firm has a market capitalization of $2.65 billion and a PE ratio of 13.81. The stock’s 50 day moving average is $22.34 and its 200 day moving average is $21.56.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. Research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.20%. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America lifted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “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.