Bank of New York Mellon Corp Sells 27,964 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Bank of New York Mellon Corp lessened its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 676,654 shares of the company's stock after selling 27,964 shares during the quarter. Bank of New York Mellon Corp owned about 0.53% of Concentra Group Holdings Parent worth $14,683,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CON. Quadrant Capital Group LLC acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $30,000. Shell Asset Management Co. acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $48,000. Covestor Ltd acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $81,000. GAMMA Investing LLC boosted its stake in Concentra Group Holdings Parent by 131.0% in the 1st quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after purchasing an additional 4,208 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Concentra Group Holdings Parent by 283.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock worth $127,000 after purchasing an additional 4,751 shares during the period.

Concentra Group Holdings Parent Trading Up 2.0%

Concentra Group Holdings Parent stock traded up $0.40 during midday trading on Wednesday, reaching $20.17. The stock had a trading volume of 813,409 shares, compared to its average volume of 764,137. The firm has a market cap of $2.58 billion and a price-to-earnings ratio of 15.05. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a debt-to-equity ratio of 5.18, a current ratio of 1.10 and a quick ratio of 1.10. The firm's fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $21.49.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The firm had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.0625 per share. 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 1.24%. Concentra Group Holdings Parent's payout ratio is presently 18.66%.

About Concentra Group Holdings Parent

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.