Teacher Retirement System of Texas Increases Holdings in Concentra Group Holdings Parent, Inc. $CON

Teacher Retirement System of Texas boosted its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,135 shares of the company’s stock after buying an additional 4,492 shares during the period. Teacher Retirement System of Texas’ holdings in Concentra Group Holdings Parent were worth $743,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Concentra Group Holdings Parent by 32.5% during the 2nd quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after acquiring an additional 527 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Concentra Group Holdings Parent during the first quarter worth about $53,000. Quarry LP acquired a new stake in Concentra Group Holdings Parent during the first quarter worth about $63,000. Nisa Investment Advisors LLC raised its stake in Concentra Group Holdings Parent by 19.3% during the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company’s stock worth $78,000 after purchasing an additional 577 shares during the period. Finally, Wealthquest Corp acquired a new position in Concentra Group Holdings Parent in the 1st quarter valued at about $131,000.

Concentra Group Holdings Parent Stock Performance

NYSE:CON opened at $19.31 on Friday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $24.32. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50 day moving average price of $20.93 and a 200 day moving average price of $21.19. The stock has a market capitalization of $2.48 billion, a P/E ratio of 16.10, a PEG ratio of 1.93 and a beta of 0.74.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. Concentra Group Holdings Parent had a return on equity of 51.39% and a net margin of 7.33%.The company had revenue of $489.64 million for the quarter. Equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 21.01%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

Concentra Group Holdings Parent Company 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.