Loomis Sayles & Co. L P Acquires Shares of 387,997 Concentra Group Holdings Parent, Inc. (NYSE:CON)

Loomis Sayles & Co. L P acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 387,997 shares of the company’s stock, valued at approximately $8,676,000. Loomis Sayles & Co. L P owned about 0.30% of Concentra Group Holdings Parent at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $675,000. Seven Grand Managers LLC purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $3,354,000. Charles Schwab Investment Management Inc. purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $4,244,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $36,672,000.

Concentra Group Holdings Parent Stock Down 2.7 %

Shares of CON stock opened at $22.47 on Thursday. The business’s fifty day simple moving average is $21.11. 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 current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

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

Concentra Group Holdings Parent Announces Dividend

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

Analyst Upgrades and Downgrades

CON has been the subject of a number of research reports. Bank of America cut Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.50 to $24.00 in a research note on Monday, October 7th. Wells Fargo & Company assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $27.00 target price on the stock. Mizuho assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “outperform” rating and a $28.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.