Concentra Group Holdings Parent, Inc. $CON Shares Sold by T. Rowe Price Investment Management Inc.

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 stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,551,279 shares of the company's stock after selling 1,059,283 shares during the period. 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.

Several other institutional investors have also recently made changes to their positions in CON. Shell Asset Management Co. bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $48,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Concentra Group Holdings Parent during the 1st quarter worth approximately $53,000. Nisa Investment Advisors LLC boosted its position in shares of Concentra Group Holdings Parent by 19.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after acquiring an additional 577 shares during the last quarter. CX Institutional purchased a new position in shares of Concentra Group Holdings Parent in the first quarter valued at $110,000. Finally, Tower Research Capital LLC TRC increased its position in Concentra Group Holdings Parent by 283.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,430 shares of the company's stock worth $127,000 after purchasing an additional 4,751 shares during the last quarter.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock traded down $0.22 during mid-day trading on Tuesday, reaching $23.21. 106,176 shares of the company's stock traded hands, compared to its average volume of 787,826. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75. The stock has a 50 day moving average of $20.90 and a two-hundred day moving average of $21.39. The company has a market cap of $2.97 billion and a price-to-earnings ratio of 19.48.

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