Baird Financial Group Inc. Has $416,000 Stock Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Baird Financial Group Inc. reduced its holdings in Concentra Group Holdings Parent, Inc. by 57.8% in the first quarter, selling 26,190 shares and now owning 19,150 shares valued at approximately $416,000.
• The company recently reported quarterly earnings of $0.37 EPS, hitting consensus estimates, with revenue of $550.80 million, exceeding analyst expectations of $537.36 million.
• Concentra Group Holdings declared a quarterly dividend of $0.0625 per share, translating to an annualized dividend of $0.25 and a yield of 1.2%.

Baird Financial Group Inc. lowered its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 57.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,150 shares of the company's stock after selling 26,190 shares during the quarter. Baird Financial Group Inc.'s holdings in Concentra Group Holdings Parent were worth $416,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Expect Equity LLC bought a new stake in Concentra Group Holdings Parent in the 1st quarter valued at $1,152,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Concentra Group Holdings Parent by 68.8% in the first quarter. The Manufacturers Life Insurance Company now owns 922,949 shares of the company's stock valued at $20,028,000 after purchasing an additional 376,186 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Concentra Group Holdings Parent during the first quarter worth about $765,000. State of Wyoming bought a new position in shares of Concentra Group Holdings Parent during the first quarter worth about $335,000. Finally, Trexquant Investment LP acquired a new stake in Concentra Group Holdings Parent in the 1st quarter valued at approximately $2,021,000.

Concentra Group Holdings Parent Stock Up 0.8%

NYSE CON traded up $0.17 during trading on Tuesday, hitting $21.40. The stock had a trading volume of 1,426,911 shares, 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 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 price is $21.57 and its two-hundred day moving average price is $21.39. The company has a market capitalization of $2.74 billion, a PE ratio of 17.98, a P/E/G ratio of 1.94 and a beta of 0.98.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate 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 business's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio is currently 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.