Northern Trust Corp Sells 49,021 Shares of Concentra Group Holdings Parent, Inc. $CON

Key Points

• Northern Trust Corp has reduced its stake in Concentra Group Holdings by 3.9%, owning approximately 1,209,770 shares valued at $26.25 million as of the latest SEC filing.
• Concentra Group Holdings reported a quarterly EPS of $0.37 and revenue of $550.80 million, which exceeded analyst estimates and represented a 15.2% increase year-over-year.
• The company also announced a quarterly dividend of $0.0625 per share, yielding an annualized rate of 1.1% with a payout ratio of 21.01%.

Northern Trust Corp reduced its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,209,770 shares of the company's stock after selling 49,021 shares during the period. Northern Trust Corp owned about 0.95% of Concentra Group Holdings Parent worth $26,252,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Shell Asset Management Co. purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at $48,000. Caitong International Asset Management Co. Ltd purchased a new stake in Concentra Group Holdings Parent during the 1st quarter valued at $53,000. Nisa Investment Advisors LLC boosted its stake in Concentra Group Holdings Parent by 19.3% during 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 purchased a new stake in Concentra Group Holdings Parent during the 1st quarter valued at $110,000. Finally, Wealthquest Corp purchased a new stake in Concentra Group Holdings Parent during the 1st quarter valued at $131,000.

Concentra Group Holdings Parent Stock Up 0.1%

CON traded up $0.02 during trading on Thursday, hitting $23.70. 1,011,724 shares of the company's stock traded hands, compared to its average volume of 793,650. The company's 50 day simple moving average is $21.27 and its two-hundred day simple moving average is $21.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.77. The stock has a market capitalization of $3.04 billion, a price-to-earnings 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 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 firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Analysts predict 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 company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 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.