Millennium Management LLC Purchases 1,343,816 Shares of Concentra Group Holdings Parent, Inc. $CON

Key Points

• Millennium Management LLC increased its stake in Concentra Group Holdings by 891.3%, acquiring a total of 1,494,581 shares and bringing its total ownership to approximately $32.4 million.
• Concentra reported earnings of $0.37 per share for the most recent quarter, meeting analysts' estimates and achieving a 15.2% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.0625 per share, resulting in a 1.2% dividend yield based on an annual payout of $0.25.

Millennium Management LLC increased its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 891.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,494,581 shares of the company's stock after buying an additional 1,343,816 shares during the quarter. Millennium Management LLC owned about 1.17% of Concentra Group Holdings Parent worth $32,432,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CON. Shell Asset Management Co. bought a new stake in Concentra Group Holdings Parent in the fourth quarter worth $48,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Concentra Group Holdings Parent during the first quarter worth $53,000. Quarry LP bought a new stake in shares of Concentra Group Holdings Parent during the first quarter worth $63,000. Nisa Investment Advisors LLC lifted its position 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 purchasing an additional 577 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Concentra Group Holdings Parent during the first quarter worth $110,000.

Concentra Group Holdings Parent Trading Up 0.8%

Shares of NYSE:CON traded up $0.17 on Tuesday, hitting $21.40. 1,426,911 shares of the company's stock were exchanged, compared to its average volume of 985,082. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.32. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The business's 50 day simple moving average is $21.57 and its two-hundred day simple moving average is $21.39. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18.

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 for the quarter, hitting the consensus estimate of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The business had revenue of $550.80 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period last year, the company earned $0.49 earnings per share. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 21st. Concentra Group Holdings Parent's payout ratio 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.