Entropy Technologies LP Buys New Holdings in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Entropy Technologies LP has acquired 12,053 shares of Concentra Group Holdings Parent, Inc. valued at approximately $262,000.
• The company recently declared a quarterly dividend of $0.0625 per share, representing a yield of 1.1%.
• Concentra's stock traded down 0.8%, closing at $23.21, with a market capitalization of $2.97 billion.

Entropy Technologies LP bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,053 shares of the company's stock, valued at approximately $262,000.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Concentra Group Holdings Parent by 131.0% in the first quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after purchasing an additional 4,208 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in 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 worth $78,000 after purchasing an additional 577 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Concentra Group Holdings Parent in the fourth quarter worth approximately $279,000. Envestnet Asset Management Inc. increased its holdings in Concentra Group Holdings Parent by 13.2% in the first quarter. Envestnet Asset Management Inc. now owns 132,471 shares of the company's stock worth $2,875,000 after purchasing an additional 15,493 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Concentra Group Holdings Parent in the first quarter worth approximately $966,000.

Concentra Group Holdings Parent Trading Up 0.4%

CON stock traded up $0.0950 during mid-day trading on Tuesday, reaching $22.9650. The company's stock had a trading volume of 312,352 shares, compared to its average volume of 783,984. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a market cap of $2.94 billion and a price-to-earnings ratio of 19.30. The business's 50 day moving average price is $20.74 and its 200 day moving average price is $21.39. 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 issued its earnings results on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $537.36 million. During the same period in the previous year, the company posted $0.49 EPS. The firm'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, equities research 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 announced 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. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Concentra Group Holdings Parent's payout ratio is presently 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.