Vestmark Advisory Solutions Inc. Buys New Position in Concentra Group Holdings Parent, Inc. $CON

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Vestmark Advisory Solutions Inc. bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,636 shares of the company's stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CON. Shell Asset Management Co. acquired a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at about $48,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Concentra Group Holdings Parent in the first quarter valued at about $53,000. Nisa Investment Advisors LLC increased its stake in shares of 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 valued at $78,000 after buying an additional 577 shares during the period. CX Institutional acquired a new stake in shares of Concentra Group Holdings Parent in the first quarter valued at about $110,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of 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 valued at $127,000 after buying an additional 4,751 shares during the period.

Concentra Group Holdings Parent Trading Up 2.7%

Shares of CON stock traded up $0.6290 on Friday, hitting $23.6390. The company had a trading volume of 1,144,122 shares, compared to its average volume of 936,700. The firm has a market cap of $3.03 billion and a P/E ratio of 19.86. The stock's 50-day moving average is $20.86 and its two-hundred day moving average is $21.39. 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, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company 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 business's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors 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 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio 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.