Citigroup Inc. Sells 12,148 Shares of Concentra Group Holdings Parent, Inc. $CON

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. reduced its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 297,272 shares of the company's stock after selling 12,148 shares during the quarter. Citigroup Inc. owned 0.23% of Concentra Group Holdings Parent worth $6,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CON. Price T Rowe Associates Inc. MD increased its stake in Concentra Group Holdings Parent by 450.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after purchasing an additional 14,188,333 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Concentra Group Holdings Parent by 164.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock valued at $170,317,000 after acquiring an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $65,746,000. Northern Trust Corp boosted its holdings in shares of Concentra Group Holdings Parent by 594.6% during the 4th quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock valued at $24,899,000 after acquiring an additional 1,077,568 shares during the last quarter. Finally, HBK Investments L P purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $17,654,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $23.21 on Monday. The firm's 50-day moving average price is $20.73 and its 200-day moving average price is $21.39. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75. The company has a market cap of $2.97 billion and a PE ratio of 19.50. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st will be issued 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 dividend payout ratio (DPR) is presently 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.

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