Quantbot Technologies LP Purchases New Shares 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) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 169,442 shares of the company's stock, valued at approximately $3,677,000. Quantbot Technologies LP owned about 0.13% of Concentra Group Holdings Parent at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CON. Price T Rowe Associates Inc. MD raised 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 purchasing an additional 14,188,333 shares during the period. 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 period. Dimensional Fund Advisors LP acquired a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $65,746,000. Principal Financial Group Inc. increased its holdings in shares of Concentra Group Holdings Parent by 8.8% during the 1st quarter. Principal Financial Group Inc. now owns 2,440,925 shares of the company's stock worth $52,968,000 after acquiring an additional 196,971 shares during the last quarter. Finally, 8 Knots Management LLC raised its stake in Concentra Group Holdings Parent by 42.7% in the 4th quarter. 8 Knots Management LLC now owns 1,748,283 shares of the company's stock valued at $34,581,000 after acquiring an additional 523,448 shares during the period.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock traded up $0.6290 during mid-day trading on Friday, hitting $23.6390. 1,144,122 shares of the company's stock traded hands, compared to its average volume of 914,429. 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 firm has a 50 day simple moving average of $20.86 and a two-hundred day simple moving average of $21.41. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The stock 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm 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%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal 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 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 is currently 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.