Concentra Group Holdings Parent, Inc. $CON Stock Position Raised by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC increased its stake in Concentra Group Holdings Parent, Inc. by 59.9% during the first quarter, bringing its total ownership to 344,711 shares valued at approximately $7.48 million.
• Concentra Group Holdings reported a 15.2% increase in quarterly revenue compared to the same period last year, with earnings per share meeting the consensus estimate at $0.37.
• The company declared a quarterly dividend of $0.0625 per share, with a dividend yield of 1.1%, reflecting a payout ratio of 21.01%.

Ceredex Value Advisors LLC boosted its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 59.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 344,711 shares of the company's stock after acquiring an additional 129,146 shares during the period. Ceredex Value Advisors LLC owned about 0.27% of Concentra Group Holdings Parent worth $7,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Shell Asset Management Co. bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $48,000. Caitong International Asset Management Co. Ltd acquired a new position in Concentra Group Holdings Parent during the 1st quarter valued at approximately $53,000. Nisa Investment Advisors LLC grew 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 worth $78,000 after buying an additional 577 shares during the last quarter. CX Institutional acquired a new stake in Concentra Group Holdings Parent in the first quarter worth $110,000. Finally, Tower Research Capital LLC TRC lifted its stake in Concentra Group Holdings Parent by 283.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock valued at $127,000 after buying an additional 4,751 shares during the last quarter.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $22.87 on Wednesday. The firm has a fifty day moving average of $20.93 and a 200-day moving average of $21.40. The company has a market cap of $2.93 billion and a price-to-earnings ratio of 19.22. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. During the same period last year, the firm posted $0.49 EPS. Concentra Group Holdings Parent's quarterly revenue was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent's payout ratio 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.

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