Price T Rowe Associates Inc. MD Buys 14,188,333 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Price T Rowe Associates Inc. MD increased its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 450.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,340,387 shares of the company’s stock after acquiring an additional 14,188,333 shares during the period. Price T Rowe Associates Inc. MD owned about 0.14% of Concentra Group Holdings Parent worth $342,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC purchased a new stake in Concentra Group Holdings Parent in the fourth quarter worth $30,000. Motco bought a new position in Concentra Group Holdings Parent in the fourth quarter worth $32,000. Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter valued at $49,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $59,000.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $21.24 on Friday. 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 market capitalization of $2.70 billion and a P/E ratio of 14.07. The firm has a 50 day moving average of $21.46 and a 200 day moving average of $21.25. 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 (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 16.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Bank of America upped their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $28.50.

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.