Concentra Group Holdings Parent, Inc. $CON Shares Sold by Baird Financial Group Inc.

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. reduced its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 57.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CON. The Manufacturers Life Insurance Company increased its stake in 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 during the last quarter. Ameriprise Financial Inc. acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at $5,567,000. Nuveen LLC acquired a new position in Concentra Group Holdings Parent in the first quarter valued at $5,753,000. Nuveen Asset Management LLC increased its stake in Concentra Group Holdings Parent by 801.3% in the fourth quarter. Nuveen Asset Management LLC now owns 263,842 shares of the company's stock valued at $5,219,000 after purchasing an additional 234,567 shares during the last quarter. Finally, Equitable Trust Co. acquired a new position in Concentra Group Holdings Parent in the first quarter valued at $4,858,000.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $21.65 on Thursday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 18.19, a PEG ratio of 2.03 and a beta of 0.98. 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 stock has a fifty day moving average price of $21.46 and a 200 day moving average price of $21.43. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.32.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company 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%.The firm's revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.0625 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.25 annualized dividend and a yield of 1.2%. 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.

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