Vanguard Group Inc. Cuts Holdings in Concentra Group Holdings Parent, Inc. $CON

Vanguard Group Inc. reduced its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,130,738 shares of the company’s stock after selling 191,885 shares during the quarter. Vanguard Group Inc. owned about 9.53% of Concentra Group Holdings Parent worth $263,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CON. Price T Rowe Associates Inc. MD raised its position 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 worth $342,994,000 after buying an additional 14,188,333 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Concentra Group Holdings Parent by 164.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock valued at $170,317,000 after purchasing an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $65,746,000. Northern Trust Corp raised its position in Concentra Group Holdings Parent by 594.6% in the fourth quarter. Northern Trust Corp now owns 1,258,791 shares of the company’s stock valued at $24,899,000 after purchasing an additional 1,077,568 shares during the period. Finally, HBK Investments L P purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $17,654,000.

Concentra Group Holdings Parent Trading Down 1.7%

NYSE:CON opened at $22.85 on Tuesday. The business’s 50-day moving average is $20.74 and its two-hundred day moving average is $21.39. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The firm has a market capitalization of $2.93 billion and a PE ratio of 19.20.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%. The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $537.36 million. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. Research 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.0625 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 21.01%.

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.