Everence Capital Management Inc. Makes New Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Everence Capital Management Inc. bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,589 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $46,003,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter worth approximately $36,672,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $23,478,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth $8,676,000.

Analysts Set New Price Targets

Several analysts have issued reports on CON shares. Royal Bank of Canada dropped their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Bank of America upgraded Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $20.02 on Wednesday. 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 fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm has a 50-day moving average price of $20.54.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts anticipate 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 company also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Concentra Group Holdings Parent Company 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.