Teacher Retirement System of Texas Has $687,000 Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Teacher Retirement System of Texas trimmed its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 92.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,643 shares of the company’s stock after selling 395,927 shares during the period. Teacher Retirement System of Texas’ holdings in Concentra Group Holdings Parent were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock valued at $342,994,000 after purchasing an additional 14,188,333 shares during the period. Vanguard Group Inc. grew its position in Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after purchasing an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Concentra Group Holdings Parent by 164.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock valued at $170,317,000 after buying an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $65,746,000. Finally, Norges Bank acquired a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $46,270,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $19.84 on Wednesday. The firm has a market cap of $2.54 billion and a price-to-earnings ratio of 14.81. The company’s fifty day moving average is $21.25 and its 200-day moving average is $21.49. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. Equities 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 was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 annualized dividend and a yield of 1.26%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 18.66%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.