Wesbanco Bank Inc. Takes $602,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Wesbanco Bank Inc. bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,449 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $59,000. GAMMA Investing LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $64,000. BNP Paribas Financial Markets acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $105,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $208,000. Finally, MetLife Investment Management LLC acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth about $297,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Bank of America increased their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent has an average rating of “Buy” and an average price target of $28.63.

Concentra Group Holdings Parent Stock Down 0.4 %

Shares of NYSE CON opened at $23.50 on Friday. 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, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81. The company has a 50-day simple moving average of $20.83.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, analysts predict 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 company also recently declared 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 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.