Teacher Retirement System of Texas Sells 395,927 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Teacher Retirement System of Texas cut its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 92.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,643 shares of the company's stock after selling 395,927 shares during the quarter. Teacher Retirement System of Texas' holdings in Concentra Group Holdings Parent were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC acquired a new position in 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 during the 4th quarter valued at $48,000. Covestor Ltd bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $81,000. CX Institutional bought a new stake in shares of Concentra Group Holdings Parent during the 1st quarter valued at $110,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $117,000.

Concentra Group Holdings Parent Price Performance

NYSE:CON traded down $0.17 during trading hours on Friday, hitting $19.59. The company's stock had a trading volume of 56,592 shares, compared to its average volume of 769,012. The stock has a fifty day simple moving average of $21.18 and a 200-day simple moving average of $21.48. The company has a market capitalization of $2.51 billion and a P/E ratio of 14.64. The company has a debt-to-equity ratio of 5.18, a current ratio of 1.10 and a quick ratio of 1.10. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

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

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 20th were paid a $0.0625 dividend. 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 presently 18.66%.

Concentra Group Holdings Parent 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.