Argent Capital Management LLC Buys Shares of 32,575 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Argent Capital Management LLC bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, HoldingsChannel.com reports. The firm bought 32,575 shares of the company’s stock, valued at approximately $644,000.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $46,003,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $36,672,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $23,478,000. Geode Capital Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $8,676,000.

Wall Street Analyst Weigh In

CON has been the topic of several recent research reports. Royal Bank of Canada cut their price objective 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. Bank of America raised Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $20.91 on Thursday. The firm’s fifty day moving average price is $20.56. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. 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 (NYSE:CON) last posted its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect 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 disclosed an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were given a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Concentra Group Holdings Parent 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.