Huber Capital Management LLC Acquires Shares of 31,667 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Huber Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,667 shares of the company’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kesler Norman & Wride LLC purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $353,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Concentra Group Holdings Parent by 8.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,782,422 shares of the company’s stock valued at $35,256,000 after purchasing an additional 142,363 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Concentra Group Holdings Parent by 394.3% during the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock worth $48,631,000 after purchasing an additional 1,960,710 shares during the last quarter. Franklin Resources Inc. grew its position in Concentra Group Holdings Parent by 20.5% in the 4th quarter. Franklin Resources Inc. now owns 191,946 shares of the company’s stock worth $3,797,000 after purchasing an additional 32,699 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $2,581,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $22.53 on Thursday. The company has a 50-day moving average price of $22.42 and a two-hundred day moving average price of $21.45. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The firm has a market capitalization of $2.87 billion and a PE ratio of 14.92.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. Equities 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CON. 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. JPMorgan Chase & Co. boosted their price objective on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Finally, Bank of America boosted their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Buy” and a consensus price target of $28.50.

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.