Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 676,654 shares of the company’s stock after selling 27,964 shares during the period. Bank of New York Mellon Corp owned approximately 0.53% of Concentra Group Holdings Parent worth $14,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $30,000. Shell Asset Management Co. bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $48,000. Covestor Ltd bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $81,000. CX Institutional bought a new position in shares of Concentra Group Holdings Parent during the first quarter worth about $110,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $117,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON 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 has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 5.18. The firm has a market capitalization of $2.51 billion and a P/E ratio of 14.60. The firm’s 50 day moving average is $21.14 and its two-hundred day moving average is $21.49.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Analysts anticipate 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. Stockholders 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 annualized dividend and a dividend yield of 1.28%. Concentra Group Holdings Parent’s payout ratio is 18.66%.

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.