Concentra Group Holdings Parent, Inc. $CON Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD sold 2,618,061 shares of Concentra Group Holdings Parent, reducing its stake by 15.1%, holding a total of 14,722,326 shares valued at approximately $319.5 million.
• Concentra Group Holdings announced a quarterly dividend of $0.0625 per share, which translates to an annualized dividend yield of 1.1%.
• The company reported revenue of $550.8 million for its recent quarter, exceeding analysts' expectations and showing a 15.2% year-over-year growth.

Price T Rowe Associates Inc. MD cut its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,722,326 shares of the company's stock after selling 2,618,061 shares during the quarter. Price T Rowe Associates Inc. MD owned 11.56% of Concentra Group Holdings Parent worth $319,476,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $65,746,000. Principal Financial Group Inc. lifted its holdings in shares of Concentra Group Holdings Parent by 8.8% during the first quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock worth $52,968,000 after purchasing an additional 196,971 shares during the period. 8 Knots Management LLC lifted its holdings in shares of Concentra Group Holdings Parent by 42.7% during the fourth quarter. 8 Knots Management LLC now owns 1,748,283 shares of the company's stock worth $34,581,000 after purchasing an additional 523,448 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Concentra Group Holdings Parent by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,561,997 shares of the company's stock worth $33,895,000 after purchasing an additional 20,592 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Concentra Group Holdings Parent by 2.5% during the first quarter. Invesco Ltd. now owns 1,408,860 shares of the company's stock worth $30,572,000 after purchasing an additional 34,183 shares during the period.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON traded down $0.12 during mid-day trading on Friday, hitting $23.63. 87,834 shares of the company were exchanged, compared to its average volume of 786,196. 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 stock has a 50 day simple moving average of $21.04 and a 200-day simple moving average of $21.42. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The firm has a market cap of $3.03 billion and a price-to-earnings ratio of 19.86.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The firm 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 company earned $0.49 earnings per share. 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. On average, sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced 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 of this dividend was Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 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.