Entropy Technologies LP Purchases New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Entropy Technologies LP purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,053 shares of the company's stock, valued at approximately $262,000.

Several other institutional investors have also recently added to or reduced their stakes in CON. Shell Asset Management Co. acquired a new stake in Concentra Group Holdings Parent in the fourth quarter valued at $48,000. Nisa Investment Advisors LLC raised 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 valued at $78,000 after acquiring an additional 577 shares in the last quarter. CX Institutional acquired a new stake in Concentra Group Holdings Parent in the first quarter valued at $110,000. Tower Research Capital LLC TRC raised its holdings 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 acquiring an additional 4,751 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in Concentra Group Holdings Parent in the first quarter valued at $131,000.

Concentra Group Holdings Parent Trading Up 2.2%

CON opened at $23.37 on Friday. The stock has a market capitalization of $2.99 billion and a PE ratio of 19.63. The firm's fifty day moving average price is $20.70 and its 200 day moving average price is $21.42. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

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, 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 during the quarter, compared to analyst estimates of $537.36 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

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