EMC Capital Management Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

EMC Capital Management bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,192 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth about $59,000. GAMMA Investing LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $64,000. BNP Paribas Financial Markets bought a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $105,000. The Manufacturers Life Insurance Company purchased a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $208,000. Finally, Sippican Capital Advisors bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $213,000.

Concentra Group Holdings Parent Price Performance

CON opened at $23.47 on Friday. The firm’s 50-day moving average is $21.04. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

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 the consensus estimate 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 was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

CON has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America boosted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.63.

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.