Vanguard Group Inc. Lowers Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Vanguard Group Inc. decreased its stake in Concentra Group Holdings Parent, Inc. by 1.6%, owning approximately 12.1 million shares valued at $263.2 million.
• Concentra Group Holdings reported a 15.2% increase in revenue year-over-year, totaling $550.8 million, and matched consensus estimates with earnings per share of $0.37.
• The company announced a quarterly dividend of $0.0625 per share, representing a 1.1% yield with a payout ratio of 21.01%.

Vanguard Group Inc. cut its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,130,738 shares of the company's stock after selling 191,885 shares during the period. Vanguard Group Inc. owned approximately 9.53% of Concentra Group Holdings Parent worth $263,237,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CON. Nisa Investment Advisors LLC increased its stake in shares of Concentra Group Holdings Parent by 19.3% during the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after buying an additional 577 shares during the period. Foundry Partners LLC lifted its position in shares of Concentra Group Holdings Parent by 12.4% during the first quarter. Foundry Partners LLC now owns 12,253 shares of the company's stock valued at $266,000 after buying an additional 1,350 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $48,000. GAMMA Investing LLC grew its holdings in Concentra Group Holdings Parent by 131.0% in the first quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after purchasing an additional 4,208 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Concentra Group Holdings Parent by 14.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,797 shares of the company's stock valued at $733,000 after buying an additional 4,232 shares during the last quarter.

Concentra Group Holdings Parent Stock Performance

CON stock traded up $0.62 during midday trading on Friday, reaching $23.63. The stock had a trading volume of 514,650 shares, compared to its average volume of 787,818. The firm has a fifty day simple moving average of $20.81 and a two-hundred day simple moving average of $21.41. 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 4.75, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $3.03 billion and a PE ratio of 19.84.

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

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is currently 21.01%.

About Concentra Group Holdings Parent

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.