American Century Companies Inc. Grows Stake in Concentra Group Holdings Parent, Inc. $CON

Key Points

• American Century Companies Inc. increased its stake in Concentra Group Holdings Parent, Inc. by 115.3%, owning approximately 113,346 shares worth $2.46 million after the purchase.
• The company reported earnings per share of $0.37 for the last quarter, meeting expectations, and its revenue was up 15.2% year-over-year, totaling $550.80 million.
• Concentra Group Holdings has a current market cap of $3.05 billion and recently announced a quarterly dividend of $0.0625, reflecting an annual yield of 1.1%.

American Century Companies Inc. lifted its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 115.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,346 shares of the company's stock after buying an additional 60,711 shares during the quarter. American Century Companies Inc. owned approximately 0.09% of Concentra Group Holdings Parent worth $2,460,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Shell Asset Management Co. purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $48,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Concentra Group Holdings Parent in the 1st quarter valued at $53,000. Nisa Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 577 shares during the last quarter. CX Institutional acquired a new position in shares of Concentra Group Holdings Parent in the 1st quarter valued at $110,000. Finally, Tower Research Capital LLC TRC lifted its stake in Concentra Group Holdings Parent by 283.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock worth $127,000 after acquiring an additional 4,751 shares in the last quarter.

Concentra Group Holdings Parent Trading Up 0.1%

CON traded up $0.03 during mid-day trading on Thursday, hitting $23.71. 984,026 shares of the stock were exchanged, compared to its average volume of 793,469. The firm's fifty day moving average is $21.27 and its two-hundred day moving average is $21.45. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.77. 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 market cap of $3.04 billion, a PE ratio of 19.92, a PEG ratio of 2.17 and a beta of 0.98.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) 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 firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $537.36 million. During the same quarter in the prior year, the company earned $0.49 EPS. Concentra Group Holdings Parent's revenue was up 15.2% on a year-over-year basis. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were given a $0.0625 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 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.