Concentra Group Holdings Parent, Inc. $CON Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Concentra Group Holdings Parent, Inc. (NYSE:CON) by 1.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 683,477 shares of the company’s stock after purchasing an additional 6,823 shares during the period. Bank of New York Mellon Corp owned 0.53% of Concentra Group Holdings Parent worth $14,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CON. Teacher Retirement System of Texas increased its position in Concentra Group Holdings Parent by 14.2% during the second quarter. Teacher Retirement System of Texas now owns 36,135 shares of the company’s stock worth $743,000 after buying an additional 4,492 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Concentra Group Holdings Parent during the second quarter worth approximately $1,427,000. Envestnet Asset Management Inc. increased its holdings in shares of Concentra Group Holdings Parent by 33.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 177,241 shares of the company’s stock valued at $3,646,000 after acquiring an additional 44,770 shares during the period. Oppenheimer Asset Management Inc. raised its position in Concentra Group Holdings Parent by 44.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 44,146 shares of the company’s stock valued at $908,000 after purchasing an additional 13,650 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Concentra Group Holdings Parent by 5.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 87,970 shares of the company’s stock worth $1,810,000 after purchasing an additional 4,478 shares during the period.

Concentra Group Holdings Parent Trading Down 1.2%

Shares of Concentra Group Holdings Parent stock opened at $19.19 on Tuesday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.55 and a 52-week high of $24.32. The company’s 50-day simple moving average is $20.46 and its 200-day simple moving average is $21.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $489.64 million for the quarter. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 2nd. Concentra Group Holdings Parent’s dividend payout ratio is currently 20.83%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a research note on Thursday, September 18th. They issued an “overweight” rating and a $31.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Concentra Group Holdings Parent in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Concentra Group Holdings Parent has a consensus rating of “Moderate Buy” and an average target price of $27.75.

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.