The Manufacturers Life Insurance Company Acquires 376,186 Shares of Concentra Group Holdings Parent, Inc. $CON

Key Points

• The Manufacturers Life Insurance Company increased its stake in Concentra Group Holdings Parent, Inc. by 68.8%, acquiring an additional 376,186 shares to own a total of 922,949 shares worth $20,028,000.
• Concentra Group Holdings reported $0.37 earnings per share for the last quarter, meeting analyst expectations, with a revenue of $550.8 million—surpassing the anticipated $537.36 million.
• The company declared a quarterly dividend of $0.0625 per share, reflecting an annualized dividend of $0.25 and a yield of 1.1%.

The Manufacturers Life Insurance Company grew its stake in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 68.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 922,949 shares of the company's stock after purchasing an additional 376,186 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.72% of Concentra Group Holdings Parent worth $20,028,000 as of its most recent filing with the Securities and Exchange Commission.

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 fourth quarter valued at approximately $48,000. Caitong International Asset Management Co. Ltd acquired a new position in Concentra Group Holdings Parent in the first quarter worth $53,000. Nisa Investment Advisors LLC boosted its stake in Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock worth $78,000 after purchasing an additional 577 shares in the last quarter. CX Institutional acquired a new position in Concentra Group Holdings Parent in the first quarter worth $110,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 in the last quarter.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock traded up $0.01 on Monday, reaching $23.10. The company's stock had a trading volume of 171,459 shares, compared to its average volume of 795,187. 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 company has a market cap of $2.96 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.11 and a beta of 0.96. The business's fifty day moving average price is $21.37 and its 200 day moving average price is $21.43. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.77.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a return on equity of 50.84% and a net margin of 7.44%.The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $537.36 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business's revenue was up 15.2% on a year-over-year basis. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was 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.