Charles Schwab Investment Management Inc. Grows Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Concentra Group Holdings Parent by 1.3%, owning approximately 1.23% of the company, valued at $33.9 million as of its latest SEC filing.
• Concentra Group Holdings reported a quarterly EPS of $0.37, meeting analysts' expectations, along with revenues of $550.8 million, marking a 15.2% year-over-year increase.
• The company announced a quarterly dividend of $0.0625 per share, representing an annual yield of 1.1%, with the payout ratio at 21.01%.

Charles Schwab Investment Management Inc. raised its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,561,997 shares of the company's stock after acquiring an additional 20,592 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.23% of Concentra Group Holdings Parent worth $33,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CON. Shell Asset Management Co. bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at $48,000. Nisa Investment Advisors LLC boosted its stake in shares of Concentra Group Holdings Parent by 19.3% during the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after purchasing an additional 577 shares during the period. CX Institutional purchased a new stake in shares of Concentra Group Holdings Parent during the first quarter valued at $110,000. Tower Research Capital LLC TRC boosted its stake in shares of Concentra Group Holdings Parent by 283.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock valued at $127,000 after purchasing an additional 4,751 shares during the period. Finally, Wealthquest Corp purchased a new stake in shares of Concentra Group Holdings Parent during the first quarter valued at $131,000.

Concentra Group Holdings Parent Trading Up 2.7%

Shares of CON traded up $0.6290 during trading hours on Friday, reaching $23.6390. 1,144,122 shares of the company traded hands, compared to its average volume of 914,429. The firm has a market cap of $3.03 billion and a price-to-earnings ratio of 19.86. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. The stock's fifty day moving average price is $20.86 and its 200 day moving average price is $21.40.

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

Concentra Group Holdings Parent Dividend Announcement

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