Advantage Alpha Capital Partners LP Buys New Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Advantage Alpha Capital Partners LP purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 141,435 shares of the company’s stock, valued at approximately $3,162,000. Advantage Alpha Capital Partners LP owned about 0.11% of Concentra Group Holdings Parent at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CON. The Manufacturers Life Insurance Company bought a new stake in Concentra Group Holdings Parent during the third quarter worth $208,000. Loomis Sayles & Co. L P purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $8,676,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $4,244,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $36,672,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Concentra Group Holdings Parent during the third quarter valued at about $675,000.

Concentra Group Holdings Parent Trading Up 1.2 %

Shares of Concentra Group Holdings Parent stock opened at $22.17 on Tuesday. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81. The company’s 50 day moving average is $21.14.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.45 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CON. Royal Bank of Canada lowered their price target on shares of 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. Mizuho assumed coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “outperform” rating and a $28.00 price target for the company. Bank of America cut Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.50 to $24.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 target price for the company. Finally, Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “overweight” rating and a $27.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Concentra Group Holdings Parent presently has an average rating of “Moderate Buy” and an average target price 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.