Hsbc Holdings PLC Decreases Stock Holdings in Concentra Group Holdings Parent, Inc. $CON

Hsbc Holdings PLC lowered its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 27.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,563 shares of the company’s stock after selling 7,380 shares during the period. Hsbc Holdings PLC’s holdings in Concentra Group Holdings Parent were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Concentra Group Holdings Parent by 131.0% during the first quarter. GAMMA Investing LLC now owns 7,419 shares of the company’s stock worth $161,000 after buying an additional 4,208 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Concentra Group Holdings Parent by 19.3% during the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company’s stock worth $78,000 after acquiring an additional 577 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Concentra Group Holdings Parent during the fourth quarter worth about $279,000. Envestnet Asset Management Inc. raised its position in Concentra Group Holdings Parent by 13.2% during the first quarter. Envestnet Asset Management Inc. now owns 132,471 shares of the company’s stock worth $2,875,000 after acquiring an additional 15,493 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Concentra Group Holdings Parent during the first quarter worth about $966,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $23.77 on Wednesday. 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 stock has a market cap of $3.05 billion, a P/E ratio of 19.97, a PEG ratio of 2.17 and a beta of 0.98. The company has a 50-day moving average of $21.21 and a two-hundred day moving average of $21.44. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting 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%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. 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. As a group, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 EPS 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 given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 21st. Concentra Group Holdings Parent’s payout ratio is currently 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.