Quantbot Technologies LP Buys New Stake in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Quantbot Technologies LP has acquired a new position in Concentra Group Holdings Parent, purchasing 169,442 shares valued at approximately $3.68 million.
• Concentra Group Holdings reported $0.37 earnings per share for the last quarter, meeting analysts' expectations, with a revenue of $550.8 million, exceeding forecasts.
• The company declared a quarterly dividend of $0.0625 per share, with an annualized dividend yield of 1.1% and a payout ratio of 21.01%.

Quantbot Technologies LP purchased a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 169,442 shares of the company's stock, valued at approximately $3,677,000. Quantbot Technologies LP owned approximately 0.13% of Concentra Group Holdings Parent as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CON. Price T Rowe Associates Inc. MD boosted its holdings in shares of Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after buying an additional 14,188,333 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Concentra Group Holdings Parent by 164.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock valued at $170,317,000 after buying an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at about $65,746,000. Northern Trust Corp boosted its stake in Concentra Group Holdings Parent by 594.6% in the 4th quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock worth $24,899,000 after purchasing an additional 1,077,568 shares in the last quarter. Finally, HBK Investments L P purchased a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $17,654,000.

Concentra Group Holdings Parent Stock Performance

NYSE:CON traded down $0.2530 during trading hours on Monday, hitting $23.3970. 57,727 shares of the company were exchanged, compared to its average volume of 787,246. The stock has a market capitalization of $3.00 billion and a price-to-earnings ratio of 19.62. 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. The company's 50 day moving average price is $20.86 and its 200-day moving average price is $21.39.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. As a group, research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.0625 per share. 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 payout ratio 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.