8 Knots Management LLC Purchases 523,448 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

8 Knots Management LLC lifted its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 42.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,748,283 shares of the company’s stock after buying an additional 523,448 shares during the period. Concentra Group Holdings Parent makes up approximately 3.5% of 8 Knots Management LLC’s portfolio, making the stock its 11th biggest holding. 8 Knots Management LLC owned 1.37% of Concentra Group Holdings Parent worth $34,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northern Trust Corp grew its stake in Concentra Group Holdings Parent by 594.6% in the 4th quarter. Northern Trust Corp now owns 1,258,791 shares of the company’s stock valued at $24,899,000 after purchasing an additional 1,077,568 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Concentra Group Holdings Parent by 5,774.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 546,763 shares of the company’s stock worth $10,815,000 after buying an additional 537,455 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Concentra Group Holdings Parent in the fourth quarter worth about $1,041,000. HBK Investments L P purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $17,654,000. Finally, Voya Investment Management LLC bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at $641,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CON shares. Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Bank of America upped their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, 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 $21.64 on Tuesday. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a market cap of $2.76 billion and a P/E ratio of 14.33. The company has a 50 day moving average of $21.42 and a 200 day moving average of $21.28.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. As a group, sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.16%. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

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.