Magnetar Financial LLC Makes New Investment in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Magnetar Financial LLC acquired a new stake in Concentra Group Holdings Parent, purchasing 35,237 shares valued at approximately $765,000 in the first quarter.
• Concentra Group Holdings announced a quarterly dividend of $0.0625 per share, representing a 1.1% dividend yield and a payout ratio of 21.01%.
• The company's recent financial results included a 15.2% revenue increase year-over-year, with reported earnings of $0.37 per share for the quarter, meeting analyst estimates.

Magnetar Financial LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,237 shares of the company's stock, valued at approximately $765,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. bought a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $48,000. Caitong International Asset Management Co. Ltd bought a new position in Concentra Group Holdings Parent during the first quarter valued at approximately $53,000. Nisa Investment Advisors LLC grew its position in Concentra Group Holdings Parent by 19.3% during the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after acquiring an additional 577 shares during the last quarter. CX Institutional bought a new stake in Concentra Group Holdings Parent in the first quarter valued at approximately $110,000. Finally, Wealthquest Corp bought a new stake in Concentra Group Holdings Parent in the first quarter valued at approximately $131,000.

Concentra Group Holdings Parent Trading Down 0.7%

Shares of CON stock traded down $0.17 during trading hours on Thursday, reaching $23.52. The company's stock had a trading volume of 1,102,160 shares, compared to its average volume of 794,265. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. Concentra Group Holdings Parent, Inc. has a one year low of $18.89 and a one year high of $24.77. The stock has a market capitalization of $3.01 billion, a P/E ratio of 19.73, a P/E/G ratio of 2.17 and a beta of 0.98. The firm's fifty day simple moving average is $21.27 and its 200 day simple moving average is $21.45.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $537.36 million. During the same period in the prior year, the business earned $0.49 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st were issued a $0.0625 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.25 annualized dividend and a yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio is 21.01%.

Concentra Group Holdings Parent 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.