Bank of New York Mellon Corp Decreases Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Bank of New York Mellon Corp cut its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 4.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth $30,000. Shell Asset Management Co. purchased a new position in Concentra Group Holdings Parent during the 4th quarter valued at about $48,000. Covestor Ltd acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $81,000. CX Institutional purchased a new stake in Concentra Group Holdings Parent during the first quarter worth about $110,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth about $117,000.

Concentra Group Holdings Parent Stock Down 1.0%

CON traded down $0.20 on Friday, hitting $19.56. 698,773 shares of the company were exchanged, compared to its average volume of 764,718. 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 market cap of $2.51 billion and a price-to-earnings ratio of 14.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 5.18. The firm has a 50-day moving average price of $21.14 and a two-hundred day moving average price of $21.49.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million for 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%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 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.