Concentra Group Holdings Parent, Inc. $CON Shares Sold by Vanguard Group Inc.

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. lessened its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,130,738 shares of the company's stock after selling 191,885 shares during the quarter. Vanguard Group Inc. owned about 9.53% of Concentra Group Holdings Parent worth $263,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CON. Price T Rowe Associates Inc. MD increased its stake in Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after buying an additional 14,188,333 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Concentra Group Holdings Parent by 164.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock valued at $170,317,000 after acquiring an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth about $65,746,000. Northern Trust Corp increased its stake in shares of Concentra Group Holdings Parent by 594.6% during the fourth quarter. Northern Trust Corp now owns 1,258,791 shares of the company's stock worth $24,899,000 after acquiring an additional 1,077,568 shares during the period. Finally, HBK Investments L P purchased a new position in Concentra Group Holdings Parent during the fourth quarter worth about $17,654,000.

Concentra Group Holdings Parent Stock Performance

NYSE:CON traded up $0.6290 during mid-day trading on Friday, reaching $23.6390. The stock had a trading volume of 1,144,122 shares, compared to its average volume of 914,429. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The business has a 50 day simple moving average of $20.86 and a 200 day simple moving average of $21.40. The firm has a market capitalization of $3.03 billion and a price-to-earnings ratio of 19.86. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $550.80 million for 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 firm's quarterly revenue 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. On average, analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) 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.