Equitable Trust Co. Invests $4.86 Million in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Equitable Trust Co. invested approximately $4.86 million in Concentra Group Holdings Parent, purchasing 223,881 shares during the first quarter.
• Concentra Group Holdings Parent reported a 7.1% year-over-year revenue increase for the last quarter, posting $500.80 million in revenue and earnings of $0.32 EPS, beating forecasts.
• The company announced a quarterly dividend of $0.0625, reflecting a yield of 1.27% and a payout ratio of 18.66%.

Equitable Trust Co. purchased a new stake 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 223,881 shares of the company's stock, valued at approximately $4,858,000. Equitable Trust Co. owned 0.18% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Concentra Group Holdings Parent by 19.3% in the 1st 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 during the period. Foundry Partners LLC increased its position in Concentra Group Holdings Parent by 12.4% in the 1st quarter. Foundry Partners LLC now owns 12,253 shares of the company's stock valued at $266,000 after acquiring an additional 1,350 shares during the period. Quadrant Capital Group LLC acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $30,000. Shell Asset Management Co. acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $48,000. Finally, Covestor Ltd acquired a new position in Concentra Group Holdings Parent in the 4th quarter valued at approximately $81,000.

Concentra Group Holdings Parent Trading Up 1.4%

NYSE CON traded up $0.28 on Tuesday, hitting $20.38. The company's stock had a trading volume of 175,824 shares, compared to its average volume of 770,131. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company's 50-day moving average is $20.88 and its 200 day moving average is $21.51. The firm has a market cap of $2.61 billion and a PE ratio of 15.21.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The company had revenue of $500.80 million during the quarter, compared to analysts' expectations of $496.06 million. During the same period in the prior year, the company posted $0.47 earnings per share. Concentra Group Holdings Parent's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

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.