Graham Capital Management L.P. Takes Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Graham Capital Management L.P. has invested approximately $1.60 million in Concentra Group Holdings Parent, acquiring 73,937 shares and representing 0.06% of the company.
• Concentra Group Holdings reported a 15.2% increase in quarterly revenue year-over-year to $550.80 million and earnings per share of $0.37.
• The company declared a quarterly dividend of $0.0625 per share, yielding 1.1%, with a dividend payout ratio of 21.01%.

Graham Capital Management L.P. purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 73,937 shares of the company's stock, valued at approximately $1,604,000. Graham Capital Management L.P. owned about 0.06% of Concentra Group Holdings Parent at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Concentra Group Holdings Parent by 594.6% in the fourth quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock valued at $24,899,000 after buying an additional 1,077,568 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $8,347,000. The Manufacturers Life Insurance Company grew its position in shares of Concentra Group Holdings Parent by 68.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 922,949 shares of the company's stock worth $20,028,000 after acquiring an additional 376,186 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $5,567,000. Finally, Nuveen LLC bought a new stake in shares of Concentra Group Holdings Parent in the 1st quarter worth approximately $5,753,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON traded down $0.44 during mid-day trading on Friday, hitting $23.10. The company had a trading volume of 1,176,733 shares, compared to its average volume of 958,641. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.11 and a beta of 0.98. Concentra Group Holdings Parent, Inc. has a 12 month low of $18.89 and a 12 month high of $24.77. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. The firm's 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $21.44.

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

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 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.