Concentra Group Holdings Parent (NYSE:CON) Shares Down 3.3% – Time to Sell?

Concentra Group Holdings Parent, Inc. (NYSE:CON) shares fell 3.3% during trading on Friday . The stock traded as low as $21.62 and last traded at $21.67. 255,722 shares were traded during trading, a decline of 57% from the average session volume of 598,667 shares. The stock had previously closed at $22.42.

Analyst Ratings Changes

A number of analysts have commented on CON shares. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price for the company. The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $32.00 price target on the stock. Truist Financial started coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Wells Fargo & Company started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $27.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Down 2.7 %

The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The company has a 50 day moving average of $21.06.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current fiscal 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 $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

Institutional Trading of Concentra Group Holdings Parent

Institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth $36,672,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Concentra Group Holdings Parent in the third quarter valued at about $23,478,000. Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $11,122,000. Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $8,676,000. Finally, Public Sector Pension Investment Board bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $7,788,000.

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.