CorVel Co. (NASDAQ:CRVL) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of CorVel Co. (NASDAQ:CRVL) by 44.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,404 shares of the business services provider’s stock after purchasing an additional 6,300 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of CorVel worth $6,670,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in CorVel by 435.3% in the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 74 shares during the last quarter. GAMMA Investing LLC increased its stake in CorVel by 61.9% in the third quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 60 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of CorVel by 121.7% in the third quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock valued at $67,000 after buying an additional 112 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of CorVel during the third quarter worth about $88,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of CorVel during the third quarter worth about $102,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Insider Transactions at CorVel

In other news, EVP Mark E. Bertels sold 350 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $357.35, for a total transaction of $125,072.50. Following the transaction, the executive vice president now directly owns 860 shares in the company, valued at $307,321. The trade was a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CorVel from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

CorVel Price Performance

Shares of NASDAQ CRVL opened at $352.00 on Friday. The company has a market cap of $6.03 billion, a PE ratio of 74.73 and a beta of 1.14. The stock has a fifty day moving average price of $336.33 and a 200 day moving average price of $303.93. CorVel Co. has a 1-year low of $223.89 and a 1-year high of $381.73.

CorVel Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.