Maryland State Retirement & Pension System Has $685,000 Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Maryland State Retirement & Pension System lessened its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 13.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,587 shares of the company’s stock after selling 4,865 shares during the period. Maryland State Retirement & Pension System’s holdings in Concentra Group Holdings Parent were worth $685,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CON. LPL Financial LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $507,000. Alliancebernstein L.P. acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $2,581,000. Wells Fargo & Company MN lifted its position in shares of Concentra Group Holdings Parent by 3,250.4% during the 4th quarter. Wells Fargo & Company MN now owns 270,109 shares of the company’s stock valued at $5,343,000 after acquiring an additional 262,047 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $2,314,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $733,000.

Concentra Group Holdings Parent Stock Performance

CON opened at $22.94 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. The company’s fifty day moving average price is $20.67 and its two-hundred day moving average price is $21.43. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a market cap of $2.94 billion and a price-to-earnings ratio of 19.28.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 21st will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.25 annualized dividend and a yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio is presently 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.