State of Alaska Department of Revenue Purchases 4,893 Shares of Concentra Group Holdings Parent, Inc. $CON

State of Alaska Department of Revenue boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,869 shares of the company’s stock after acquiring an additional 4,893 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Concentra Group Holdings Parent worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Concentra Group Holdings Parent during the first quarter valued at about $53,000. Quarry LP acquired a new position in Concentra Group Holdings Parent in the first quarter worth about $63,000. Nisa Investment Advisors LLC raised its position in 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 worth $78,000 after purchasing an additional 577 shares in the last quarter. CX Institutional acquired a new position in Concentra Group Holdings Parent in the first quarter worth about $110,000. Finally, Wealthquest Corp acquired a new position in Concentra Group Holdings Parent in the first quarter worth about $131,000.

Analyst Ratings Changes

Several research firms recently issued reports on CON. JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a research report on Thursday, September 18th. They issued an “overweight” rating and a $31.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $20.80 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.89 and a beta of 0.77. The company has a 50 day moving average of $21.79 and a 200-day moving average of $21.32. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.75. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.32.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $550.80 million during the quarter, compared to analyst estimates of $537.36 million. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 21st were issued 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 dividend yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) 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.