Persistent Asset Partners Ltd Buys New Stake in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Persistent Asset Partners Ltd has acquired a new stake in Concentra Group Holdings Parent, purchasing 109,993 shares valued at approximately $2.39 million, making it the 10th largest position in its portfolio.
• Concentra Group Holdings Parent reported a net margin of 7.44% and earnings per share of $0.37, meeting analysts' expectations, with a year-over-year revenue increase of 15.2%.
• The company declared a quarterly dividend of $0.0625 per share, representing an annualized payout of $0.25 and a dividend yield of 1.2%.

Persistent Asset Partners Ltd bought 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 109,993 shares of the company's stock, valued at approximately $2,387,000. Concentra Group Holdings Parent makes up approximately 2.0% of Persistent Asset Partners Ltd's holdings, making the stock its 10th biggest position. Persistent Asset Partners Ltd owned approximately 0.09% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Concentra Group Holdings Parent by 131.0% in the 1st quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after acquiring an additional 4,208 shares during the period. Nisa Investment Advisors LLC grew its stake in Concentra Group Holdings Parent by 19.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock worth $78,000 after acquiring an additional 577 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth approximately $279,000. Envestnet Asset Management Inc. grew its stake in Concentra Group Holdings Parent by 13.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 132,471 shares of the company's stock worth $2,875,000 after acquiring an additional 15,493 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Concentra Group Holdings Parent in the 1st quarter worth approximately $966,000.

Concentra Group Holdings Parent Stock Performance

NYSE:CON opened at $21.47 on Tuesday. 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 company has a market cap of $2.75 billion and a P/E ratio of 18.04. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm's 50 day moving average is $20.63 and its two-hundred day moving average is $21.41.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. Concentra Group Holdings Parent's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 1.2%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 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.

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