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

Teacher Retirement System of Texas boosted its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 14.2% during the second quarter, Holdings Channel.com reports. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CON. Millennium Management LLC increased its position in shares of Concentra Group Holdings Parent by 891.3% during the first quarter. Millennium Management LLC now owns 1,494,581 shares of the company’s stock worth $32,432,000 after acquiring an additional 1,343,816 shares during the period. Woodline Partners LP acquired a new position in Concentra Group Holdings Parent during the 1st quarter worth $21,520,000. Goldman Sachs Group Inc. increased its holdings in Concentra Group Holdings Parent by 48.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock worth $28,850,000 after purchasing an additional 434,503 shares during the period. The Manufacturers Life Insurance Company raised its position in Concentra Group Holdings Parent by 68.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 922,949 shares of the company’s stock valued at $20,028,000 after purchasing an additional 376,186 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Concentra Group Holdings Parent in the 1st quarter valued at about $5,753,000.

Concentra Group Holdings Parent Trading Up 3.2%

CON opened at $19.31 on Friday. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. Concentra Group Holdings Parent, Inc. has a one year low of $18.55 and a one year high of $24.32. The company has a market cap of $2.48 billion, a P/E ratio of 16.10, a PEG ratio of 1.93 and a beta of 0.74. The business’s 50-day simple moving average is $20.93 and its 200-day simple moving average is $21.19.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. The firm had revenue of $489.64 million during the quarter. Concentra Group Holdings Parent had a return on equity of 51.39% and a net margin of 7.33%. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd will be issued a $0.0625 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $0.25 annualized dividend and a dividend yield of 1.3%. Concentra Group Holdings Parent’s dividend payout ratio is presently 21.01%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research note on Wednesday, October 8th. 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of “Moderate Buy” and an average target price 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.