Concentra Group Holdings Parent, Inc. (NYSE:CON) Shares Bought by Royce & Associates LP

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 raised its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 17.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,502 shares of the company's stock after purchasing an additional 50,966 shares during the quarter. Royce & Associates LP owned 0.27% of Concentra Group Holdings Parent worth $7,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CON. Thrivent Financial for Lutherans purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $1,655,000. American Century Companies Inc. purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $1,041,000. Sei Investments Co. raised its position in Concentra Group Holdings Parent by 65.6% in the fourth quarter. Sei Investments Co. now owns 50,401 shares of the company's stock valued at $997,000 after purchasing an additional 19,964 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $487,000. Finally, LPL Financial LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $507,000.

Concentra Group Holdings Parent Stock Up 2.0%

Shares of Concentra Group Holdings Parent stock traded up $0.39 during trading hours on Monday, reaching $20.05. 1,231,880 shares of the company were exchanged, compared to its average volume of 774,461. Concentra Group Holdings Parent, Inc. has a 1 year low of $18.89 and a 1 year high of $24.81. The stock's fifty day moving average is $20.93 and its 200 day moving average is $21.50. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $2.57 billion and a PE ratio of 14.96.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The business had revenue of $500.80 million for the quarter, compared to analyst estimates of $496.06 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company's revenue was up 7.1% on a year-over-year basis. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio is currently 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.