Wells Fargo & Company MN Increases Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Wells Fargo & Company MN raised its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 3,250.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 270,109 shares of the company’s stock after acquiring an additional 262,047 shares during the quarter. Wells Fargo & Company MN’s holdings in Concentra Group Holdings Parent were worth $5,343,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Concentra Group Holdings Parent by 421.0% in the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after purchasing an additional 9,957,396 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Concentra Group Holdings Parent by 57.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock valued at $64,205,000 after buying an additional 1,188,585 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Concentra Group Holdings Parent by 394.3% during the 4th quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock worth $48,631,000 after buying an additional 1,960,710 shares during the period. Norges Bank acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $46,270,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $44,395,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank of Canada restated 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. Bank of America upped 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 research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. increased their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Down 1.2 %

Shares of Concentra Group Holdings Parent stock opened at $20.32 on Monday. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s 50 day simple moving average is $21.66 and its 200-day simple moving average is $21.24. The stock has a market cap of $2.59 billion and a P/E ratio of 13.46. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. Analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.23%. Concentra Group Holdings Parent’s payout ratio is 16.56%.

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.