First Eagle Investment Management LLC Has $6.67 Million Stock Position in Concentra Group Holdings Parent, Inc. $CON

First Eagle Investment Management LLC lifted its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 2.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 324,259 shares of the company’s stock after buying an additional 8,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Concentra Group Holdings Parent were worth $6,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC boosted its stake in Concentra Group Holdings Parent by 32.5% in the 2nd quarter. CWM LLC now owns 2,148 shares of the company’s stock valued at $44,000 after buying an additional 527 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Concentra Group Holdings Parent during the first quarter valued at $53,000. Quarry LP acquired a new stake in shares of Concentra Group Holdings Parent in the 1st quarter valued at $63,000. Nisa Investment Advisors LLC grew its holdings in shares of Concentra Group Holdings Parent by 19.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company’s stock worth $78,000 after purchasing an additional 577 shares during the last quarter. Finally, Wealthquest Corp bought a new stake in shares of Concentra Group Holdings Parent in the 1st quarter worth about $131,000.

Concentra Group Holdings Parent Trading Up 3.2%

CON opened at $19.31 on Friday. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.55 and a 1-year high of $24.32. The stock has a market capitalization of $2.48 billion, a PE ratio of 16.10, a PEG ratio of 1.99 and a beta of 0.74. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. The firm has a 50-day moving average price of $20.93 and a two-hundred day moving average price of $21.19.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. The business had revenue of $489.64 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 51.39%. As a group, equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 20.83%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CON. Weiss Ratings reissued a “hold (c)” rating on shares of Concentra Group Holdings Parent in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a research note on Thursday, September 18th. They issued an “overweight” rating and a $31.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.75.

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.