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Massachusetts Financial Services Co. MA Has $37.77 Million Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Concentra Group Holdings Parent logo with Medical background

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

A number of other large investors have also made changes to their positions in CON. Quadrant Capital Group LLC bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $30,000. Shell Asset Management Co. bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $48,000. Nisa Investment Advisors LLC increased its position in shares of Concentra Group Holdings Parent by 19.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after buying an additional 577 shares in the last quarter. Covestor Ltd bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $81,000. Finally, CX Institutional bought a new stake in shares of Concentra Group Holdings Parent in the 1st quarter valued at $110,000.

Concentra Group Holdings Parent Trading Up 1.9%

Shares of CON traded up $0.37 during trading hours on Monday, reaching $19.93. The stock had a trading volume of 589,758 shares, compared to its average volume of 764,010. The firm has a 50-day moving average of $21.14 and a 200 day moving average of $21.50. The company has a market cap of $2.55 billion and a P/E ratio of 14.49. 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 52 week low of $18.89 and a 52 week high of $24.81.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to analysts' expectations of $496.06 million. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, sell-side analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced 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. This represents a $0.25 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

Concentra Group Holdings Parent 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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