Healthcare of Ontario Pension Plan Trust Fund Makes New $23.48 Million Investment in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,050,000 shares of the company’s stock, valued at approximately $23,478,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.82% of Concentra Group Holdings Parent as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Loomis Sayles & Co. L P purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $675,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter worth approximately $36,672,000. Advantage Alpha Capital Partners LP acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth approximately $3,162,000. Finally, Seven Grand Managers LLC purchased a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $3,354,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CON shares. JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “overweight” rating and a $29.00 target price for the company. Mizuho initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “outperform” rating and a $28.00 price objective for the company. Truist Financial assumed coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 price target for the company. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Trading Down 2.9 %

NYSE:CON opened at $22.42 on Friday. 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. The firm has a fifty day moving average price of $21.09.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly 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 analyst estimates of $492.61 million. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were given a $0.0625 dividend. The ex-dividend date of this dividend 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.