Nisa Investment Advisors LLC Buys 577 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Nisa Investment Advisors LLC increased its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 19.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,574 shares of the company’s stock after buying an additional 577 shares during the period. Nisa Investment Advisors LLC’s holdings in Concentra Group Holdings Parent were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CON. Price T Rowe Associates Inc. MD grew its holdings in Concentra Group Holdings Parent by 450.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock worth $342,994,000 after purchasing an additional 14,188,333 shares during the period. Vanguard Group Inc. lifted its stake in shares of Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after buying an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position 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 acquiring an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $65,746,000. Finally, Norges Bank bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth $46,270,000.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $19.56 on Friday. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company’s 50 day moving average price is $21.14 and its two-hundred day moving average price is $21.47. The stock has a market cap of $2.51 billion and a P/E ratio of 14.60. 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 (NYSE:CON) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.28%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 18.66%.

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.