Fred Alger Management LLC Buys Shares of 30,808 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Fred Alger Management LLC bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,808 shares of the company’s stock, valued at approximately $689,000.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $105,000. The Manufacturers Life Insurance Company acquired a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $208,000. MetLife Investment Management LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $297,000. Verition Fund Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $661,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $675,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 price objective on the stock. Mizuho started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “outperform” rating and a $28.00 price objective on the stock. Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Royal Bank of Canada cut their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

CON stock opened at $21.82 on Monday. The stock’s 50-day moving average is $21.06. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last released its 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 firm had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

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.