Concentra Group Holdings Parent, Inc. $CON Position Boosted by Charles Schwab Investment Management Inc.

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. grew its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,561,997 shares of the company's stock after buying an additional 20,592 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.23% of Concentra Group Holdings Parent worth $33,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CON. Shell Asset Management Co. acquired a new stake in Concentra Group Holdings Parent in the 4th quarter valued at $48,000. Nisa Investment Advisors LLC grew its stake in shares of Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after buying an additional 577 shares in the last quarter. CX Institutional purchased a new stake in shares of Concentra Group Holdings Parent during the 1st quarter valued at about $110,000. Wealthquest Corp acquired a new position in Concentra Group Holdings Parent during the 1st quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Concentra Group Holdings Parent by 283.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock worth $127,000 after acquiring an additional 4,751 shares during the period.

Concentra Group Holdings Parent Stock Up 2.7%

NYSE:CON traded up $0.62 during trading hours on Friday, hitting $23.63. The stock had a trading volume of 514,650 shares, compared to its average volume of 787,818. The company has a market cap of $3.03 billion and a PE ratio of 19.84. The business has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $21.41. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year 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.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $537.36 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business's quarterly revenue was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders 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 yield of 1.1%. The ex-dividend date is Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 21.01%.

About Concentra Group Holdings Parent

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.