Concentra Group Holdings Parent, Inc. $CON Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in Concentra Group Holdings Parent, Inc. by 278.6%, acquiring an additional 71,380 shares, bringing its total to 97,002 shares valued at $2.1 million.
• Concentra Group Holdings reported a quarterly revenue increase of 15.2% year-over-year, with earnings per share (EPS) meeting expectations at $0.37.
• The company declared a quarterly dividend of $0.0625, representing an annualized yield of 1.1%, with a dividend payout ratio of 21.01%.

LPL Financial LLC grew its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 278.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,002 shares of the company's stock after acquiring an additional 71,380 shares during the quarter. LPL Financial LLC owned about 0.08% of Concentra Group Holdings Parent worth $2,105,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Concentra Group Holdings Parent by 19.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock worth $78,000 after purchasing an additional 577 shares during the period. Foundry Partners LLC lifted its position in Concentra Group Holdings Parent by 12.4% during the first quarter. Foundry Partners LLC now owns 12,253 shares of the company's stock valued at $266,000 after buying an additional 1,350 shares in the last quarter. Shell Asset Management Co. purchased a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $48,000. GAMMA Investing LLC grew its stake in Concentra Group Holdings Parent by 131.0% during the first quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after buying an additional 4,208 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Concentra Group Holdings Parent by 14.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,797 shares of the company's stock worth $733,000 after acquiring an additional 4,232 shares in the last quarter.

Concentra Group Holdings Parent Stock Up 2.7%

Shares of NYSE:CON traded up $0.6290 during midday trading on Friday, hitting $23.6390. 1,144,122 shares of the company's stock traded hands, compared to its average volume of 936,700. The firm's fifty day moving average price is $20.86 and its two-hundred day moving average price is $21.39. 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 twelve month low of $18.89 and a twelve month high of $24.81. The company has a market cap of $3.03 billion and a PE ratio of 19.86.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $537.36 million. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The firm's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, equities research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 21st will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) 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.