Concentra Group Holdings Parent, Inc. $CON Shares Purchased 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 raised its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 278.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,002 shares of the company's stock after acquiring an additional 71,380 shares during the quarter. LPL Financial LLC owned approximately 0.08% of Concentra Group Holdings Parent worth $2,105,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Concentra Group Holdings Parent by 450.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after acquiring an additional 14,188,333 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Concentra Group Holdings Parent by 164.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after buying an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $65,746,000. Principal Financial Group Inc. raised its stake in shares of Concentra Group Holdings Parent by 8.8% during the 1st quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock worth $52,968,000 after buying an additional 196,971 shares during the period. Finally, 8 Knots Management LLC raised its stake in shares of Concentra Group Holdings Parent by 42.7% during the 4th quarter. 8 Knots Management LLC now owns 1,748,283 shares of the company's stock worth $34,581,000 after buying an additional 523,448 shares during the period.

Concentra Group Holdings Parent Price Performance

Shares of CON stock traded up $0.6290 during trading hours on Friday, hitting $23.6390. 1,144,122 shares of the company's stock were exchanged, compared to its average volume of 914,429. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75. The firm has a market cap of $3.03 billion and a P/E ratio of 19.86. The firm has a 50 day moving average of $20.86 and a two-hundred day moving average of $21.41. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $550.80 million during 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 quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st will be paid 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 of this dividend is 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.