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 raised its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 891.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,494,581 shares of the company's stock after purchasing an additional 1,343,816 shares during the quarter. Millennium Management LLC owned 1.17% of Concentra Group Holdings Parent worth $32,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CON. Shell Asset Management Co. bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $48,000. Caitong International Asset Management Co. Ltd bought a new position in Concentra Group Holdings Parent in the 1st quarter valued at about $53,000. Quarry LP bought a new position in shares of Concentra Group Holdings Parent during the 1st quarter worth approximately $63,000. Nisa Investment Advisors LLC grew its stake in Concentra Group Holdings Parent by 19.3% in the 1st 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. Finally, CX Institutional purchased a new position in shares of Concentra Group Holdings Parent during the 1st quarter valued at $110,000.

Concentra Group Holdings Parent Trading Up 0.0%

Concentra Group Holdings Parent stock traded up $0.01 during mid-day trading on Friday, hitting $22.19. The company's stock had a trading volume of 1,065,522 shares, compared to its average volume of 975,321. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The business has a 50 day moving average price of $21.53 and a 200-day moving average price of $21.42. 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, Inc. has a 12 month low of $18.89 and a 12 month high of $24.32.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly 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 company had revenue of $550.80 million during 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%. Concentra Group Holdings Parent's revenue was up 15.2% on a year-over-year basis. During the same period 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, analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) 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.