Concentra Group Holdings Parent, Inc. $CON Shares Purchased by Raymond James Financial Inc.

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. lifted its holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 13.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 286,254 shares of the company's stock after buying an additional 34,306 shares during the quarter. Raymond James Financial Inc. owned approximately 0.22% of Concentra Group Holdings Parent worth $6,212,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Shell Asset Management Co. bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth about $48,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Concentra Group Holdings Parent in the 1st quarter worth about $53,000. Nisa Investment Advisors LLC lifted its position in shares of 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 buying an additional 577 shares during the last quarter. CX Institutional bought a new position in shares of Concentra Group Holdings Parent in the 1st quarter worth about $110,000. Finally, Wealthquest Corp bought a new position in shares of Concentra Group Holdings Parent in the 1st quarter worth about $131,000.

Concentra Group Holdings Parent Stock Performance

NYSE:CON traded down $0.40 during mid-day trading on Tuesday, hitting $22.34. The stock had a trading volume of 204,539 shares, compared to its average volume of 799,137. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a 50 day simple moving average of $21.41 and a 200-day simple moving average of $21.43. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.32. The company has a current ratio of 1.18, a quick 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 quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share 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%. Concentra Group Holdings Parent's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. 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 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were given a $0.0625 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.25 annualized dividend and a yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) 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.