Nuveen LLC Takes $5.75 Million Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Nuveen LLC invested approximately $5.75 million in Concentra Group Holdings Parent, acquiring 265,138 shares in the first quarter of the year.
• Concentra Group Holdings Parent reported a 15.2% increase in revenue year-over-year, totaling $550.80 million, with earnings per share matching analysts' estimates at $0.37.
• The company declared a quarterly dividend of $0.0625, equating to an annual yield of 1.1%, with a payout ratio of 21.01%.

Nuveen LLC acquired a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 265,138 shares of the company's stock, valued at approximately $5,753,000. Nuveen LLC owned 0.21% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP purchased a new position in shares of Concentra Group Holdings Parent in the first quarter valued at about $384,000. Entropy Technologies LP purchased a new position in shares of Concentra Group Holdings Parent in the first quarter valued at about $262,000. Invesco Ltd. increased its position in shares of Concentra Group Holdings Parent by 2.5% in the first quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock valued at $30,572,000 after acquiring an additional 34,183 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Concentra Group Holdings Parent by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock valued at $33,895,000 after acquiring an additional 20,592 shares during the period. Finally, Wealthquest Corp purchased a new position in shares of Concentra Group Holdings Parent in the first quarter valued at about $131,000.

Concentra Group Holdings Parent Trading Up 0.2%

Shares of CON stock traded up $0.04 during mid-day trading on Friday, reaching $23.78. The stock had a trading volume of 717,005 shares, compared to its average volume of 916,569. The stock's 50-day moving average price is $21.10 and its two-hundred day moving average price is $21.41. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The firm has a market capitalization of $3.05 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. 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 (NYSE:CON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The firm had revenue of $550.80 million for the quarter, compared to analysts' expectations of $537.36 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. Concentra Group Holdings Parent's payout ratio 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.