Concentra Group Holdings Parent (NYSE:CON) Shares Gap Up After Analyst Upgrade

Concentra Group Holdings Parent, Inc. (NYSE:CON)’s stock price gapped up before the market opened on Thursday after Bank of America raised their price target on the stock from $24.00 to $25.00. The stock had previously closed at $22.14, but opened at $22.69. Bank of America currently has a buy rating on the stock. Concentra Group Holdings Parent shares last traded at $23.50, with a volume of 43,549 shares changing hands.

Separately, Royal Bank of Canada lowered their price target 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $28.63.

Institutional Trading of Concentra Group Holdings Parent

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $46,003,000. Loomis Sayles & Co. L P purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $8,676,000. State Street Corp bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $6,804,000. Geode Capital Management LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $11,122,000. Finally, Jane Street Group LLC purchased a new position in Concentra Group Holdings Parent in the third quarter worth $584,000.

Concentra Group Holdings Parent Trading Up 6.8 %

The company’s fifty day simple moving average is $20.71. 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 (NYSE:CON) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The company’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share 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. Investors of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

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.