Mutual of America Capital Management LLC Cuts Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Mutual of America Capital Management LLC lessened its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,763 shares of the company’s stock after selling 633 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Concentra Group Holdings Parent were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CON. Swiss National Bank bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $4,455,000. Natixis Advisors LLC bought a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $578,000. Cibc World Markets Corp purchased a new stake in Concentra Group Holdings Parent in the fourth quarter worth approximately $204,000. Thrivent Financial for Lutherans bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $1,655,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $457,000.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $20.17 on Thursday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.10 and a current ratio of 1.10. 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 fifty day moving average of $21.05 and a 200-day moving average of $21.48. The stock has a market capitalization of $2.58 billion and a price-to-earnings ratio of 15.05.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The business 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 company’s 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 research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were paid a $0.0625 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.24%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 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.