Voya Investment Management LLC Invests $641,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON)
Voya Investment Management LLC has invested $641,000 in Concentra Group Holdings Parent, Inc. (NYSE:CON) by acquiring 32,406 shares in the 4th quarter. Other significant investors, including Price T Rowe Associates and Vanguard Group, have also increased their stakes in the company. Concentra's stock is currently trading at $21.12, with a market cap of $2.69 billion. The company recently reported earnings of $0.32 per share, exceeding estimates, and announced a quarterly dividend of $0.0625 per share. Analysts maintain a consensus "Buy" rating with a price target of $28.50.
Voya Investment Management LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,406 shares of the company's stock, valued at approximately $641,000.
Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Concentra Group Holdings Parent by 450.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after purchasing an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after acquiring an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Concentra Group Holdings Parent by 164.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after acquiring an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP bought a new position in Concentra Group Holdings Parent during the 4th quarter worth about $65,746,000. Finally, JPMorgan Chase & Co. increased its position in Concentra Group Holdings Parent by 57.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company's stock valued at $64,205,000 after purchasing an additional 1,188,585 shares during the period.
Concentra Group Holdings Parent Trading Down 3.4 %
Shares of NYSE:CON opened at $21.12 on Friday. The business's 50-day moving average is $21.22 and its 200 day moving average is $21.31. 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 1 year low of $18.89 and a 1 year high of $24.81. The firm has a market capitalization of $2.69 billion and a P/E ratio of 13.99.
Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. The business's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. On average, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.
Concentra Group Holdings Parent Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th 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 1.18%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on CON. Bank of America increased their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of "Buy" and a consensus price target of $28.50.
Get Our Latest Stock Analysis on Concentra Group Holdings Parent
About Concentra Group Holdings Parent
(Free Report)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.
Recommended Stories
- Five stocks we like better than Concentra Group Holdings Parent
- What is a Special Dividend?
- IBM's AI Offensive: Assessing IBM's Path to Renewed Growth
- What is Forex and How Does it Work?
- Rockwell Automation: Tailwinds From Onshoring U.S. Production
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Is Energy Transfer Undervalued or a Value Trap?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Concentra Group Holdings Parent Right Now?
Before you consider Concentra Group Holdings Parent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Concentra Group Holdings Parent wasn't on the list.
While Concentra Group Holdings Parent currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
