New York State Common Retirement Fund Sells 961 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

New York State Common Retirement Fund cut its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,092 shares of the company’s stock after selling 961 shares during the quarter. New York State Common Retirement Fund’s holdings in Concentra Group Holdings Parent were worth $696,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $30,000. Shell Asset Management Co. bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at approximately $48,000. Nisa Investment Advisors LLC increased its stake in Concentra Group Holdings Parent by 19.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company’s stock valued at $78,000 after purchasing an additional 577 shares in the last quarter. Covestor Ltd bought a new stake in Concentra Group Holdings Parent during the 4th quarter valued at about $81,000. Finally, CX Institutional bought a new stake in Concentra Group Holdings Parent during the 1st quarter valued at about $110,000.

Concentra Group Holdings Parent Stock Up 0.3%

NYSE:CON opened at $19.70 on Friday. The firm has a market cap of $2.52 billion and a P/E ratio of 14.70. 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 fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm has a 50-day simple moving average of $20.93 and a two-hundred day simple moving average of $21.48.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Concentra Group Holdings Parent’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. Analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.27%. Concentra Group Holdings Parent’s dividend payout ratio is presently 18.66%.

Concentra Group Holdings Parent 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.