Royce & Associates LP Has $7.54 Million Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• Royce & Associates LP increased its stake in Concentra Group Holdings by 17.2%, acquiring an additional 50,966 shares during the first quarter, bringing its total ownership to approximately 0.27% of the company.
• Concentra Group Holdings reported earnings of $0.32 per share for the last quarter, slightly exceeding analysts' estimates, with revenue increasing by 7.1% from the previous year.
• The company recently announced a quarterly dividend of $0.0625 per share, resulting in an annualized dividend yield of 1.27%.

Royce & Associates LP boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,502 shares of the company's stock after acquiring an additional 50,966 shares during the quarter. Royce & Associates LP owned 0.27% of Concentra Group Holdings Parent worth $7,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CON. Price T Rowe Associates Inc. MD raised its position in Concentra Group Holdings Parent by 450.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock worth $342,994,000 after acquiring an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. raised its position in Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock worth $243,741,000 after acquiring an additional 9,957,396 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Concentra Group Holdings Parent by 164.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after acquiring an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth $65,746,000. Finally, Norges Bank bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth $46,270,000.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.15 on Wednesday, hitting $20.35. 106,626 shares of the stock were exchanged, compared to its average volume of 768,130. The company has a market capitalization of $2.61 billion and a PE ratio of 15.17. The business's fifty day moving average is $20.88 and its 200 day moving average is $21.51. 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 5.18, a current ratio of 1.10 and a quick ratio of 1.10.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. Concentra Group Holdings Parent had a net margin of 8.09% and a return on equity of 29.94%. The company's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. Research analysts anticipate that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, May 20th. Concentra Group Holdings Parent's payout ratio is presently 18.66%.

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.