2,057,358 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,057,358 shares of the company’s stock, valued at approximately $46,003,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CON. BNP Paribas Financial Markets bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $105,000. The Manufacturers Life Insurance Company purchased a new position in Concentra Group Holdings Parent during the third quarter valued at $208,000. MetLife Investment Management LLC purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $297,000. Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $584,000. Finally, Verition Fund Management LLC bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $661,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CON shares. Bank of America raised Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, December 16th. Royal Bank of Canada dropped their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $19.60 on Monday. The stock has a 50-day moving average of $20.57. 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 52 week low of $18.89 and a 52 week high of $24.81.

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, 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. The business’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 year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. 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.