Concentra Group Holdings Parent, Inc. $CON Shares Bought by Cramer Rosenthal Mcglynn LLC

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in Concentra Group Holdings Parent, Inc. by 5.2%, now owning approximately 1.5 million shares valued at $32.57 million.
• Concentra Group Holdings reported a net margin of 7.44% and a return on equity of 50.84%, with quarterly earnings of $0.37 per share.
• The company has announced a quarterly dividend of $0.0625 per share, representing an annualized dividend yield of 1.1%.

Cramer Rosenthal Mcglynn LLC increased its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500,717 shares of the company's stock after buying an additional 73,515 shares during the quarter. Concentra Group Holdings Parent comprises approximately 2.3% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its 8th biggest position. Cramer Rosenthal Mcglynn LLC owned about 1.18% of Concentra Group Holdings Parent worth $32,566,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth $65,746,000. Principal Financial Group Inc. lifted its stake in Concentra Group Holdings Parent by 8.8% during the first quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock worth $52,968,000 after purchasing an additional 196,971 shares during the last quarter. 8 Knots Management LLC lifted its stake in Concentra Group Holdings Parent by 42.7% during the fourth quarter. 8 Knots Management LLC now owns 1,748,283 shares of the company's stock worth $34,581,000 after purchasing an additional 523,448 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Concentra Group Holdings Parent by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock worth $33,895,000 after purchasing an additional 20,592 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Concentra Group Holdings Parent by 2.5% during the first quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock worth $30,572,000 after purchasing an additional 34,183 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of CON traded up $0.04 during trading hours on Friday, reaching $23.78. The stock had a trading volume of 717,005 shares, compared to its average volume of 790,129. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The stock has a market capitalization of $3.05 billion and a PE ratio of 19.98. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. The company's 50-day moving average is $21.04 and its two-hundred day moving average is $21.42.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced 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. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $537.36 million. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.Concentra Group Holdings Parent's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date 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.