11,059 Shares in Concentra Group Holdings Parent, Inc. $CON Purchased by CW Advisors LLC

Key Points

• CW Advisors LLC made a new acquisition of 11,059 shares of Concentra Group Holdings Parent, valued at approximately $240,000, indicating growing investment interest in the company.
• Concentra Group Holdings Parent reported earnings of $0.37 per share for the last quarter, meeting analyst expectations and demonstrating a 15.2% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.0625 per share, amounting to an annualized yield of 1.1%, with a payout ratio of 21.01%.

CW Advisors LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,059 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CON. Dimensional Fund Advisors LP bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $65,746,000. Principal Financial Group Inc. boosted its position in shares of Concentra Group Holdings Parent by 8.8% during the 1st quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock valued at $52,968,000 after acquiring an additional 196,971 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Concentra Group Holdings Parent by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock valued at $33,895,000 after acquiring an additional 20,592 shares during the last quarter. Invesco Ltd. boosted its position in shares of Concentra Group Holdings Parent by 2.5% during the 1st quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock valued at $30,572,000 after acquiring an additional 34,183 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Concentra Group Holdings Parent by 594.6% during the 4th quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock valued at $24,899,000 after acquiring an additional 1,077,568 shares during the last quarter.

Concentra Group Holdings Parent Trading Down 0.6%

NYSE:CON traded down $0.15 during midday trading on Tuesday, hitting $23.65. 210,415 shares of the company traded hands, compared to its average volume of 786,545. The firm's fifty day moving average is $21.16 and its 200-day moving average is $21.42. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The firm has a market capitalization of $3.03 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.17 and a beta of 0.96. 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 (NYSE:CON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $537.36 million. During the same quarter last year, the firm posted $0.49 earnings per share. The business's revenue was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS 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. Stockholders 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 dividend yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 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.