Concentra Group Holdings Parent, Inc. (CON) To Go Ex-Dividend on May 19th

Concentra Group Holdings Parent, Inc. (NYSE:CON) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.0625 per share on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, May 19th.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $25.83 on Friday. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $26.66. The stock has a market cap of $3.31 billion, a PE ratio of 18.58, a P/E/G ratio of 1.18 and a beta of 0.72. The firm has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $21.57. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.26 and a quick ratio of 1.26.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The business had revenue of $569.56 million during the quarter, compared to analysts’ expectations of $553.53 million. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts forecast that Concentra Group Holdings Parent will post 1.53 EPS for the current year.

Insider Activity at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $25.00, for a total value of $3,250,000.00. Following the completion of the transaction, the director owned 893,455 shares in the company, valued at $22,336,375. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Concentra Group Holdings Parent by 0.5% in the fourth quarter. State Street Corp now owns 4,446,551 shares of the company’s stock worth $87,508,000 after acquiring an additional 22,442 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Concentra Group Holdings Parent by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after acquiring an additional 445,449 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Concentra Group Holdings Parent by 41.1% in the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock worth $67,934,000 after acquiring an additional 945,303 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Concentra Group Holdings Parent by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock worth $66,645,000 after buying an additional 144,379 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Concentra Group Holdings Parent by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,851,717 shares of the company’s stock worth $56,130,000 after buying an additional 19,122 shares during the last quarter.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.