The Manufacturers Life Insurance Company Makes New $208,000 Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

The Manufacturers Life Insurance Company purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, HoldingsChannel reports. The fund purchased 9,308 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new position in Concentra Group Holdings Parent in the 3rd quarter valued at approximately $36,672,000. Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $8,676,000. Charles Schwab Investment Management Inc. bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $4,244,000. Seven Grand Managers LLC purchased a new position in shares of Concentra Group Holdings Parent in the third quarter valued at $3,354,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $675,000.

Analyst Ratings Changes

A number of research analysts have weighed in on CON shares. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $32.00 target price for the company. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 price target for the company. Mizuho initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $27.00 target price for the company. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

CON opened at $21.27 on Tuesday. The company has a fifty day moving average price of $20.79. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. As a group, analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date 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.