Concentra Group Holdings Parent, Inc. $CON Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. reduced its stake in Concentra Group Holdings Parent, Inc. by 3.9%, selling 12,148 shares and owning 297,272 shares by the end of Q1.
• Concentra Group Holdings reported a quarterly earnings per share (EPS) of $0.37, matching analysts' expectations, with a revenue increase of 15.2% year-over-year to $550.80 million.
• The company announced a quarterly dividend of $0.0625 per share, which represents a 1.1% dividend yield, with a payout ratio of 21.01%.

Citigroup Inc. decreased its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,272 shares of the company's stock after selling 12,148 shares during the quarter. Citigroup Inc. owned about 0.23% of Concentra Group Holdings Parent worth $6,451,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings 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 worth $78,000 after buying an additional 577 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Concentra Group Holdings Parent by 12.4% during the first quarter. Foundry Partners LLC now owns 12,253 shares of the company's stock worth $266,000 after buying an additional 1,350 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $48,000. GAMMA Investing LLC grew its holdings in shares of Concentra Group Holdings Parent by 131.0% during the first quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after buying an additional 4,208 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Concentra Group Holdings Parent by 14.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,797 shares of the company's stock worth $733,000 after buying an additional 4,232 shares in the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock traded up $0.5690 during trading hours on Friday, reaching $23.5790. 178,820 shares of the company's stock were exchanged, compared to its average volume of 785,654. 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 market capitalization of $3.02 billion and a P/E ratio of 19.79. The business has a fifty day moving average of $20.81 and a two-hundred day moving average of $21.41. 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 (NYSE:CON - Get Free Report) last released its 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. The business 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 company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. As a group, research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be given 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 dividend 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.