Concentra Group Holdings Parent, Inc. (NYSE:CON) Announces Quarterly Dividend of $0.06

Concentra Group Holdings Parent, Inc. (NYSE:CON) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.0625 per share on Friday, December 4th. This represents a $0.25 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, November 19th.

Concentra Group Holdings Parent Trading Down 3.4%

NYSE:CON opened at $42.06 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22. The business’s 50 day moving average is $36.86 and its two-hundred day moving average is $28.89. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $44.22. The company has a market cap of $5.36 billion, a PE ratio of 27.14, a P/E/G ratio of 1.58 and a beta of 0.51.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%. The business had revenue of $622.12 million during the quarter, compared to the consensus estimate of $605.52 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Concentra Group Holdings Parent will post 1.65 EPS for the current year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Concentra Group Holdings Parent by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock worth $66,645,000 after acquiring an additional 144,379 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Concentra Group Holdings Parent by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,668,512 shares of the company’s stock worth $57,238,000 after acquiring an additional 41,891 shares during the period. Jennison Associates LLC increased its holdings in shares of Concentra Group Holdings Parent by 195.8% in the 1st quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock worth $46,596,000 after acquiring an additional 1,437,912 shares during the period. HBK Investments L P lifted its position in Concentra Group Holdings Parent by 21.1% in the 2nd quarter. HBK Investments L P now owns 1,044,614 shares of the company’s stock valued at $31,077,000 after purchasing an additional 181,864 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at about $16,069,000.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.