Bluefin Capital Management LLC Purchases Shares of 31,500 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 purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,500 shares of the company's stock, valued at approximately $684,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Concentra Group Holdings Parent by 8.8% during the 1st quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock worth $52,968,000 after purchasing an additional 196,971 shares during the period. 8 Knots Management LLC lifted its stake in Concentra Group Holdings Parent by 10.6% during the first quarter. 8 Knots Management LLC now owns 1,932,890 shares of the company's stock worth $41,944,000 after purchasing an additional 184,607 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 20,592 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Concentra Group Holdings Parent by 5.2% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,500,717 shares of the company's stock worth $32,566,000 after buying an additional 73,515 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of 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 period.

Concentra Group Holdings Parent Trading Down 2.6%

CON traded down $0.58 during mid-day trading on Monday, hitting $21.57. 419,325 shares of the stock were exchanged, compared to its average volume of 810,729. The firm's fifty day moving average is $21.53 and its two-hundred day moving average is $21.40. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.32. The company has a market cap of $2.76 billion, a PE ratio of 18.07, a PEG ratio of 2.02 and a beta of 0.96. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $550.80 million for the quarter, compared to analyst estimates of $537.36 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were paid a dividend of $0.0625 per share. 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 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.