Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 12,952 shares of Concentra Group Holdings Parent, Inc., valued at approximately $281,000, indicating increasing institutional interest in the company.
• Concentra Group Holdings Parent reported earnings of $0.32 EPS for the recent quarter, exceeding analyst estimates, alongside a 7.1% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.0625 per share, resulting in an annualized dividend yield of 1.3%, showcasing its commitment to returning value to shareholders.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,952 shares of the company's stock, valued at approximately $281,000.

A number of other hedge funds have also recently modified their holdings of CON. Quadrant Capital Group LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter worth about $30,000. Shell Asset Management Co. purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $48,000. Nisa Investment Advisors LLC raised 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 worth $78,000 after acquiring an additional 577 shares in the last quarter. Covestor Ltd bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $81,000. Finally, CX Institutional purchased a new position in shares of Concentra Group Holdings Parent in the 1st quarter valued at approximately $110,000.

Concentra Group Holdings Parent Stock Up 6.1%

Shares of NYSE CON traded up $1.23 during mid-day trading on Friday, hitting $21.43. 400,762 shares of the stock traded hands, compared to its average volume of 767,208. The stock has a fifty day moving average price of $20.63 and a 200-day moving average price of $21.45. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $2.75 billion and a price-to-earnings ratio of 15.98. 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 announced its earnings results on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. The firm had revenue of $550.80 million for the quarter, compared to analysts' expectations of $537.36 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. Research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Company 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.