Woodline Partners LP Acquires New Shares in Concentra Group Holdings Parent, Inc. $CON

Key Points

• Woodline Partners LP has made a new investment of approximately $21.52 million in Concentra Group Holdings Parent, acquiring 991,688 shares.
• Other institutional investors, including Goldman Sachs and Millennium Management, have also increased their stakes in Concentra Group Holdings during the 1st quarter.
• Concentra Group Holdings announced a quarterly dividend of $0.0625 per share, reflecting a 1.2% yield and a payout ratio of 21.01%.

Woodline Partners LP acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 991,688 shares of the company's stock, valued at approximately $21,520,000. Woodline Partners LP owned 0.78% of Concentra Group Holdings Parent at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CON. Shell Asset Management Co. acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth $48,000. Caitong International Asset Management Co. Ltd purchased a new position in Concentra Group Holdings Parent during the 1st quarter worth $53,000. Quarry LP acquired a new stake in shares of Concentra Group Holdings Parent in the 1st quarter worth $63,000. Nisa Investment Advisors LLC boosted its holdings 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 acquiring an additional 577 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Concentra Group Holdings Parent in the first quarter valued at about $110,000.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.01 during trading hours on Friday, hitting $22.19. 1,065,522 shares of the stock were exchanged, compared to its average volume of 975,321. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.32. The stock has a 50-day moving average of $21.53 and a 200 day moving average of $21.41. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting 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 company earned $0.49 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 21st. Concentra Group Holdings Parent's dividend payout ratio 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.