991,688 Shares in Concentra Group Holdings Parent, Inc. $CON Purchased by Woodline Partners LP

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 Securities and Exchange Commission (SEC). The fund 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 reporting period.

A number of other institutional investors also recently modified their holdings of CON. Millennium Management LLC boosted its position in shares of Concentra Group Holdings Parent by 891.3% in the first quarter. Millennium Management LLC now owns 1,494,581 shares of the company's stock valued at $32,432,000 after acquiring an additional 1,343,816 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Concentra Group Holdings Parent by 48.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company's stock valued at $28,850,000 after acquiring an additional 434,503 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Concentra Group Holdings Parent by 68.8% in the first quarter. The Manufacturers Life Insurance Company now owns 922,949 shares of the company's stock valued at $20,028,000 after acquiring an additional 376,186 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at about $5,567,000. Finally, Nuveen LLC bought a new stake in shares of Concentra Group Holdings Parent in the first quarter valued at about $5,753,000.

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock traded up $0.25 during trading on Tuesday, reaching $21.48. The company's stock had a trading volume of 230,782 shares, compared to its average volume of 810,631. The business's 50-day moving average price is $21.55 and its 200-day moving average price is $21.39. The firm has a market cap of $2.75 billion, a PE ratio of 18.05, a P/E/G ratio of 2.02 and a beta of 0.96. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.89 and a 52 week high of $24.32. 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 earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 net margin of 7.44% and a return on equity of 50.84%. Concentra Group Holdings Parent's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 21st were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.25 annualized dividend and a yield of 1.2%. 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.