Envestnet Asset Management Inc. Has $2.88 Million Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Envestnet Asset Management Inc. increased its stake in Concentra Group Holdings Parent by 13.2%, owning approximately $2.88 million worth of shares after purchasing an additional 15,493 shares.
• The company's stock performance reveals a market cap of $2.52 billion and a PE ratio of 14.70, with a 52-week low of $18.89 and a high of $24.81.
• Concentra Group Holdings Parent announced a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 1.27% and a dividend payout ratio of 18.66%.

Envestnet Asset Management Inc. grew its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,471 shares of the company's stock after buying an additional 15,493 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Concentra Group Holdings Parent worth $2,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in Concentra Group Holdings Parent during the fourth quarter worth about $1,655,000. American Century Companies Inc. acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $1,041,000. Sei Investments Co. increased its holdings in shares of Concentra Group Holdings Parent by 65.6% during the 4th quarter. Sei Investments Co. now owns 50,401 shares of the company's stock worth $997,000 after acquiring an additional 19,964 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $487,000. Finally, LPL Financial LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $507,000.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded down $0.33 on Thursday, reaching $20.07. The stock had a trading volume of 67,230 shares, compared to its average volume of 769,494. 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 has a fifty day moving average of $20.84 and a two-hundred day moving average of $21.50. 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 $2.57 billion and a P/E ratio of 14.97.

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

Concentra Group Holdings Parent Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.25%. Concentra Group Holdings Parent's dividend 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.