Raymond James Financial Inc. Boosts Stock Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Raymond James Financial Inc. increased its stake in Concentra Group Holdings Parent, Inc. by 13.6%, acquiring an additional 34,306 shares, bringing its total ownership to approximately 0.22% of the company, valued at $6.2 million.
• Concentra Group Holdings reported earnings of $0.37 per share, meeting analysts' estimates, with a revenue increase of 15.2% year-over-year, totaling $550.80 million for the quarter.
• The company declared a quarterly dividend of $0.0625 per share with a dividend yield of 1.1%, indicating a payout ratio of 21.01%.

Raymond James Financial Inc. raised its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,254 shares of the company's stock after acquiring an additional 34,306 shares during the period. Raymond James Financial Inc. owned approximately 0.22% of Concentra Group Holdings Parent worth $6,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CON. Tower Research Capital LLC TRC raised its position in shares of Concentra Group Holdings Parent by 283.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock worth $127,000 after buying an additional 4,751 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $538,000. Voya Investment Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $641,000. Northern Trust Corp increased its holdings in Concentra Group Holdings Parent by 594.6% during 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, Comerica Bank bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $827,000.

Concentra Group Holdings Parent Price Performance

Shares of CON stock traded up $0.03 during trading hours on Monday, reaching $23.12. The company's stock had a trading volume of 589,869 shares, compared to its average volume of 797,743. The firm's 50 day simple moving average is $21.37 and its 200-day simple moving average is $21.43. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.11 and a beta of 0.96. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The business had revenue of $550.80 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period in the previous year, the company posted $0.49 earnings per share. The firm'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. Sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

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