Natixis Advisors LLC Boosts Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Natixis Advisors LLC increased its stake in Concentra Group Holdings Parent by 52.1% during the first quarter, acquiring 15,213 additional shares, bringing its total holding to 44,422 shares valued at approximately $964,000.
• Concentra Group Holdings reported $550.80 million in revenue for the latest quarter, exceeding analyst expectations and demonstrating a 15.2% year-over-year increase.
• The company announced a quarterly dividend of $0.0625, reflecting an annualized dividend of $0.25 and a yield of 1.2%.

Natixis Advisors LLC increased its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 52.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,422 shares of the company's stock after acquiring an additional 15,213 shares during the period. Natixis Advisors LLC's holdings in Concentra Group Holdings Parent were worth $964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CON. Quadrant Capital Group LLC purchased a new stake in Concentra Group Holdings Parent in the 4th quarter valued at about $30,000. Shell Asset Management Co. bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $48,000. Nisa Investment Advisors LLC grew its position 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 valued at $78,000 after acquiring an additional 577 shares during the period. Covestor Ltd bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $81,000. Finally, CX Institutional bought a new position in shares of Concentra Group Holdings Parent during the 1st quarter valued at approximately $110,000.

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock traded up $0.91 on Tuesday, reaching $22.39. 1,257,137 shares of the company traded hands, compared to its average volume of 784,022. The company has a 50 day moving average of $20.64 and a 200 day moving average of $21.42. The firm has a market capitalization of $2.87 billion and a PE ratio of 18.81. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.81. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18.

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, 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 company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period last year, the firm earned $0.49 EPS. Concentra Group Holdings Parent's revenue for the quarter was up 15.2% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 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.