T. Rowe Price Investment Management Inc. Trims Holdings in Concentra Group Holdings Parent, Inc. $CON

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in Concentra Group Holdings Parent, Inc. by 12.3%, bringing its ownership to 7,551,279 shares, valued at approximately $163.9 million.
• The company reported earnings of $0.37 per share for the last quarter, meeting analysts' expectations, and showcased a revenue increase of 15.2% year-over-year.
• Concentra Group Holdings Parent has announced a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 1.1%.

T. Rowe Price Investment Management Inc. trimmed its position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,551,279 shares of the company's stock after selling 1,059,283 shares during the quarter. T. Rowe Price Investment Management Inc. owned 5.93% of Concentra Group Holdings Parent worth $163,863,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Concentra Group Holdings Parent in the first quarter worth about $3,677,000. Raymond James Financial Inc. lifted its stake in shares of Concentra Group Holdings Parent by 13.6% during the 1st quarter. Raymond James Financial Inc. now owns 286,254 shares of the company's stock worth $6,212,000 after purchasing an additional 34,306 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Concentra Group Holdings Parent by 115.3% during the first quarter. American Century Companies Inc. now owns 113,346 shares of the company's stock valued at $2,460,000 after buying an additional 60,711 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Concentra Group Holdings Parent during the first quarter valued at approximately $361,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Concentra Group Holdings Parent during the first quarter valued at approximately $53,000.

Concentra Group Holdings Parent Stock Up 2.7%

NYSE:CON traded up $0.6290 during midday trading on Friday, reaching $23.6390. 1,144,122 shares of the stock traded hands, compared to its average volume of 914,429. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The business has a 50-day moving average of $20.86 and a two-hundred day moving average of $21.40. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $3.03 billion and a PE ratio of 19.86.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $537.36 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, equities analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 21st will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 21.01%.

Concentra Group Holdings Parent Company 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.