Vestmark Advisory Solutions Inc. Buys Shares of 16,636 Concentra Group Holdings Parent, Inc. $CON

Key Points

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Vestmark Advisory Solutions Inc. bought a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,636 shares of the company's stock, valued at approximately $361,000.

Several other hedge funds also recently made changes to their positions in CON. LPL Financial LLC acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $507,000. Wells Fargo & Company MN lifted its holdings in shares of Concentra Group Holdings Parent by 3,250.4% in the 4th quarter. Wells Fargo & Company MN now owns 270,109 shares of the company's stock worth $5,343,000 after purchasing an additional 262,047 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $2,314,000. Russell Investments Group Ltd. bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $733,000. Finally, Bank of Montreal Can bought a new stake in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $384,000.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON traded up $0.6290 during mid-day trading on Friday, hitting $23.6390. The company had a trading volume of 1,144,122 shares, compared to its average volume of 914,429. The stock has a market cap of $3.03 billion and a price-to-earnings ratio of 19.86. 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 debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. The firm's 50 day simple moving average is $20.86 and its two-hundred day simple moving average is $21.41.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly 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 business had revenue of $550.80 million for the quarter, compared to the consensus estimate 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 revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share 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. Investors 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 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is 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.