8 Knots Management LLC Buys 184,607 Shares of Concentra Group Holdings Parent, Inc. $CON

Key Points

• 8 Knots Management LLC has increased its stake in Concentra Group Holdings Parent, Inc. by 10.6%, making it the 6th largest position in their portfolio with approximately $41.9 million invested.
• The company reported a 15.2% increase in revenue year-over-year, totaling $550.8 million, while earnings per share matched consensus estimates at $0.37.
• Concentra Group Holdings announced a quarterly dividend of $0.0625 per share, yielding 1.1% annually, with a payout ratio currently at 21.01%.

8 Knots Management LLC increased its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 10.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,932,890 shares of the company's stock after purchasing an additional 184,607 shares during the period. Concentra Group Holdings Parent accounts for about 5.3% of 8 Knots Management LLC's holdings, making the stock its 6th biggest holding. 8 Knots Management LLC owned approximately 1.52% of Concentra Group Holdings Parent worth $41,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CON. Northern Trust Corp boosted its position in Concentra Group Holdings Parent by 594.6% in the 4th quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock valued at $24,899,000 after buying an additional 1,077,568 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Concentra Group Holdings Parent by 5,774.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 546,763 shares of the company's stock valued at $10,815,000 after buying an additional 537,455 shares during the last quarter. J. Goldman & Co LP purchased a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $8,347,000. Ameriprise Financial Inc. purchased a new position in Concentra Group Holdings Parent in the 4th quarter valued at about $5,567,000. Finally, Nuveen LLC purchased a new position in Concentra Group Holdings Parent in the 1st quarter valued at about $5,753,000.

Concentra Group Holdings Parent Stock Down 1.9%

NYSE:CON traded down $0.44 on Friday, reaching $23.10. The stock had a trading volume of 1,176,733 shares, compared to its average volume of 958,641. 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 company has a 50-day moving average of $21.37 and a 200 day moving average of $21.46. The stock has a market cap of $2.96 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.15 and a beta of 0.98. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.77.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. The company had revenue of $550.80 million during the quarter, compared to analysts' expectations of $537.36 million. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

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