Ghisallo Capital Management LLC Sells 100,000 Shares of Concentra Group Holdings Parent, Inc. $CON

Key Points

• Ghisallo Capital Management LLC has reduced its stake in Concentra Group Holdings by 33.3%, now holding 200,000 shares valued at approximately $4.34 million.
• Concentra Group Holdings recently reported a 15.2% increase in revenue year-over-year, totaling $550.80 million, with an EPS of $0.37 for the quarter.
• The company has announced a quarterly dividend of $0.0625 per share, representing an annual yield of 1.1% and a payout ratio of 21.01%.

Ghisallo Capital Management LLC cut its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the company's stock after selling 100,000 shares during the quarter. Ghisallo Capital Management LLC owned 0.16% of Concentra Group Holdings Parent worth $4,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Concentra Group Holdings Parent by 8.8% during the first quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock worth $52,968,000 after acquiring an additional 196,971 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Concentra Group Holdings Parent by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock worth $33,895,000 after acquiring an additional 20,592 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Concentra Group Holdings Parent by 5.2% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,500,717 shares of the company's stock worth $32,566,000 after acquiring an additional 73,515 shares in the last quarter. Invesco Ltd. raised its stake in shares of Concentra Group Holdings Parent by 2.5% during the first quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock worth $30,572,000 after acquiring an additional 34,183 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Concentra Group Holdings Parent by 594.6% during the fourth quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock worth $24,899,000 after acquiring an additional 1,077,568 shares in the last quarter.

Concentra Group Holdings Parent Trading Down 0.0%

Shares of NYSE CON traded down $0.00 during mid-day trading on Wednesday, hitting $23.73. The stock had a trading volume of 1,257,080 shares, compared to its average volume of 892,270. 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 1 year low of $18.89 and a 1 year high of $24.77. The business has a 50 day moving average price of $21.27 and a two-hundred day moving average price of $21.45. The firm has a market cap of $3.04 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $550.80 million for the quarter, compared to analysts' expectations of $537.36 million. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were paid a $0.0625 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. 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.