Public Sector Pension Investment Board Grows Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• The Public Sector Pension Investment Board increased its stake in Concentra Group Holdings Parent by 27.3%, acquiring an additional 73,573 shares, bringing its total ownership to 343,274 shares worth approximately $7.4 million.
• Concentra Group Holdings reported quarterly earnings of $0.37 EPS, meeting analysts' expectations, with a year-over-year revenue increase of 15.2% to $550.8 million.
• The company declared a quarterly dividend of $0.0625, resulting in an annualized yield of 1.1%, with the dividend payout ratio set at 21.01%.

Public Sector Pension Investment Board grew its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,274 shares of the company's stock after acquiring an additional 73,573 shares during the period. Public Sector Pension Investment Board owned about 0.27% of Concentra Group Holdings Parent worth $7,449,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CON. Shell Asset Management Co. purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at $48,000. Nisa Investment Advisors LLC increased its position in shares of Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after buying an additional 577 shares in the last quarter. CX Institutional purchased a new stake in shares of Concentra Group Holdings Parent during the first quarter worth approximately $110,000. Wealthquest Corp purchased a new stake in Concentra Group Holdings Parent during the 1st quarter valued at about $131,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Concentra Group Holdings Parent by 283.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock worth $127,000 after acquiring an additional 4,751 shares during the period.

Concentra Group Holdings Parent Trading Up 0.0%

Shares of Concentra Group Holdings Parent stock traded up $0.0050 on Tuesday, reaching $22.8750. The company had a trading volume of 345,393 shares, compared to its average volume of 784,215. The firm's 50 day moving average price is $20.74 and its two-hundred day moving average price is $21.39. 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 52-week low of $18.89 and a 52-week high of $24.81. The firm has a market cap of $2.93 billion and a PE ratio of 19.23.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The business had revenue of $550.80 million for 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 company's revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 21st will be given a $0.0625 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 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.