Bluefin Capital Management LLC Buys New Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Bluefin Capital Management LLC acquired a new stake in Concentra Group Holdings Parent, Inc., investing approximately $684,000 for 31,500 shares in the first quarter.
• Concentra Group Holdings reported quarterly earnings of $0.37 per share, meeting analyst estimates, with revenues of $550.80 million, reflecting a 15.2% increase year-over-year.
• The company declared a quarterly dividend of $0.0625 per share, representing an annualized dividend yield of 1.1% and a payout ratio of 21.01%.

Bluefin Capital Management LLC bought a new stake 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 SEC. The firm bought 31,500 shares of the company's stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its position 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 during the last quarter. 8 Knots Management LLC raised its position in Concentra Group Holdings Parent by 10.6% in the 1st quarter. 8 Knots Management LLC now owns 1,932,890 shares of the company's stock valued at $41,944,000 after buying an additional 184,607 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position 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 during the last quarter. Finally, Millennium Management LLC raised its position in Concentra Group Holdings Parent by 891.3% in the 1st quarter. Millennium Management LLC now owns 1,494,581 shares of the company's stock valued at $32,432,000 after buying an additional 1,343,816 shares during the last quarter.

Concentra Group Holdings Parent Stock Down 2.4%

Shares of Concentra Group Holdings Parent stock opened at $22.19 on Wednesday. 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 business's 50 day simple moving average is $21.44 and its 200 day simple moving average is $21.43. The firm has a market cap of $2.84 billion, a PE ratio of 18.65, a P/E/G ratio of 2.08 and a beta of 0.98. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.32.

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

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. Concentra Group Holdings Parent's payout ratio 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.

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