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Massachusetts Financial Services Co. MA Sells 42,037 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Concentra Group Holdings Parent logo with Medical background

Massachusetts Financial Services Co. MA trimmed its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,740,385 shares of the company's stock after selling 42,037 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.37% of Concentra Group Holdings Parent worth $37,766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Quadrant Capital Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $30,000. Shell Asset Management Co. purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at $48,000. Nisa Investment Advisors LLC grew its position in shares of Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after purchasing an additional 577 shares in the last quarter. Covestor Ltd bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth about $81,000. Finally, CX Institutional bought a new position in Concentra Group Holdings Parent during the 1st quarter valued at approximately $110,000.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $19.80 on Friday. The stock's 50 day moving average is $21.18 and its 200 day moving average is $21.48. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18. 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 capitalization of $2.54 billion and a P/E ratio of 14.77.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued 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. The company had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. Concentra Group Holdings Parent's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed 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 of this dividend was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.26%. Concentra Group Holdings Parent's payout ratio is 18.66%.

Concentra Group Holdings Parent Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Concentra Group Holdings Parent (NYSE:CON)

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