Trexquant Investment LP Purchases Shares of 93,138 Concentra Group Holdings Parent, Inc. $CON

Key Points

• Trexquant Investment LP acquired 93,138 shares of Concentra Group Holdings Parent, Inc. for approximately $2,021,000, adding to its new position in the company.
• Concentra Group Holdings reported a $0.37 earnings per share for the last quarter, meeting analysts' expectations, and posted a revenue increase of 15.2% year-over-year.
• The company declared a quarterly dividend of $0.0625 per share, resulting in an annualized dividend yield of 1.1%.

Trexquant Investment LP acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 93,138 shares of the company's stock, valued at approximately $2,021,000. Trexquant Investment LP owned approximately 0.07% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Concentra Group Holdings Parent by 8.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock valued at $52,968,000 after buying an additional 196,971 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Concentra Group Holdings Parent by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock valued at $33,895,000 after buying an additional 20,592 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in Concentra Group Holdings Parent by 5.2% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,500,717 shares of the company's stock valued at $32,566,000 after buying an additional 73,515 shares in the last quarter. Invesco Ltd. grew its stake in Concentra Group Holdings Parent by 2.5% in the 1st quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock valued at $30,572,000 after buying an additional 34,183 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Concentra Group Holdings Parent by 594.6% in the 4th quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock valued at $24,899,000 after buying an additional 1,077,568 shares in the last quarter.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock traded down $0.54 during mid-day trading on Wednesday, reaching $21.65. The company's stock had a trading volume of 1,057,707 shares, compared to its average volume of 1,024,409. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.32. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.19, a PEG ratio of 2.03 and a beta of 0.98. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. The firm's fifty day moving average price is $21.46 and its two-hundred day moving average price is $21.43.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $537.36 million. During the same period in the previous year, the business earned $0.49 EPS. Concentra Group Holdings Parent's revenue was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 21.01%.

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.