XTX Topco Ltd Decreases Stock Holdings in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Key Points

• XTX Topco Ltd has significantly reduced its stake in Concentra Group Holdings Parent, Inc. by 78.5% during the first quarter, now holding just 9,458 shares valued at $205,000.
• Concentra Group Holdings reported $0.37 earnings per share in its latest quarterly results, matching estimates, while its revenue increased by 15.2% year-over-year to $550.8 million.
• The company is set to pay a quarterly dividend of $0.0625 per share, translating to an annualized yield of 1.1% and a dividend payout ratio of 21.01%.

XTX Topco Ltd trimmed its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 78.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,458 shares of the company's stock after selling 34,454 shares during the quarter. XTX Topco Ltd's holdings in Concentra Group Holdings Parent were worth $205,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $507,000. Alliancebernstein L.P. purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $2,581,000. Wells Fargo & Company MN raised its position 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 valued at $5,343,000 after purchasing an additional 262,047 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $2,314,000. Finally, Russell Investments Group Ltd. acquired a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $733,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $22.94 on Thursday. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company's 50 day moving average is $20.67 and its 200 day moving average is $21.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. The company has a market cap of $2.94 billion and a PE ratio of 19.28.

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, hitting the consensus estimate of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. During the same quarter in the prior year, the company earned $0.49 EPS. Concentra Group Holdings Parent's quarterly revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 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.

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