73,937 Shares in Concentra Group Holdings Parent, Inc. $CON Purchased by Graham Capital Management L.P.

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. bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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.

A number of other hedge funds also recently bought and sold shares of CON. Shell Asset Management Co. bought a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $48,000. Caitong International Asset Management Co. Ltd bought a new stake in Concentra Group Holdings Parent in the 1st quarter worth approximately $53,000. Quarry LP bought a new stake in Concentra Group Holdings Parent in the 1st quarter worth approximately $63,000. Nisa Investment Advisors LLC lifted 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 worth $78,000 after buying an additional 577 shares during the last quarter. Finally, CX Institutional purchased a new position in Concentra Group Holdings Parent in the 1st quarter worth approximately $110,000.

Concentra Group Holdings Parent Trading Down 0.5%

Concentra Group Holdings Parent stock traded down $0.11 during trading hours on Monday, reaching $22.99. The company had a trading volume of 263,746 shares, compared to its average volume of 795,744. 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 company has a 50-day moving average price of $21.37 and a 200 day moving average price of $21.43. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.11 and a beta of 0.96. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.77.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $550.80 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities 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 declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 21st. Concentra Group Holdings Parent's dividend 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.