Aigen Investment Management LP Takes Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Aigen Investment Management LP acquired a new stake in Concentra Group Holdings Parent, Inc. during the first quarter, purchasing 17,688 shares valued at approximately $384,000.
• Concentra Group Holdings reported a quarterly revenue of $550.80 million, exceeding analyst estimates of $537.36 million, and achieved an EPS of $0.37 for the quarter.
• The company announced a quarterly dividend of $0.0625 per share, equating to an annualized dividend yield of 1.1%, payable on August 28th.

Aigen Investment Management LP bought a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,688 shares of the company's stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP acquired a new stake in shares of Concentra Group Holdings Parent during the first quarter worth about $262,000. Invesco Ltd. lifted its holdings in shares of Concentra Group Holdings Parent by 2.5% during the first quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock worth $30,572,000 after purchasing an additional 34,183 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Concentra Group Holdings Parent by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock worth $33,895,000 after purchasing an additional 20,592 shares during the period. Wealthquest Corp acquired a new stake in shares of Concentra Group Holdings Parent during the first quarter worth about $131,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Concentra Group Holdings Parent by 52.1% during the first quarter. Natixis Advisors LLC now owns 44,422 shares of the company's stock worth $964,000 after purchasing an additional 15,213 shares during the period.

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock traded up $0.51 on Thursday, reaching $23.37. 1,421,708 shares of the stock were exchanged, compared to its average volume of 820,384. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The firm has a market capitalization of $2.99 billion and a price-to-earnings ratio of 19.63. The business has a 50 day moving average price of $20.70 and a two-hundred day moving average price of $21.42.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%. The company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period in the previous year, the company posted $0.49 earnings per share. Concentra Group Holdings Parent's revenue for the quarter was up 15.2% on a year-over-year basis. Analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. Concentra Group Holdings Parent's payout ratio is presently 21.01%.

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.