Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has reduced its stake in Concentra Group Holdings by 14.6%, selling 15,485 shares and holding 90,674 shares valued at approximately $1.97 million.
• Concentra reported $0.32 EPS for the recent quarter, exceeding analyst expectations, and achieved a revenue of $500.8 million, up 7.1% from the previous year.
• The company recently announced a quarterly dividend of $0.0625 per share, equating to an annual yield of 1.3% with a payout ratio of 18.66%.

TD Asset Management Inc trimmed its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,674 shares of the company's stock after selling 15,485 shares during the quarter. TD Asset Management Inc owned 0.07% of Concentra Group Holdings Parent worth $1,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Concentra Group Holdings Parent by 450.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock worth $342,994,000 after purchasing an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Concentra Group Holdings Parent by 421.0% in the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock valued at $243,741,000 after purchasing an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 worth $170,317,000 after buying an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $65,746,000. Finally, Geode Capital Management LLC grew its stake in Concentra Group Holdings Parent by 394.3% in the fourth quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company's stock worth $48,631,000 after purchasing an additional 1,960,710 shares during the period.

Concentra Group Holdings Parent Stock Up 0.7%

Shares of NYSE CON traded up $0.14 during midday trading on Wednesday, hitting $19.96. The stock had a trading volume of 620,150 shares, compared to its average volume of 779,590. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18. The company has a market cap of $2.56 billion and a P/E ratio of 14.68. The business's 50 day moving average is $20.69 and its 200-day moving average is $21.46. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The business had revenue of $500.80 million for the quarter, compared to analysts' expectations of $496.06 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 annualized dividend and a dividend yield of 1.3%. Concentra Group Holdings Parent's payout ratio is currently 18.66%.

Concentra Group Holdings Parent Company 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.