CorVel (NASDAQ:CRVL) Upgraded at StockNews.com

StockNews.com upgraded shares of CorVel (NASDAQ:CRVL) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

CorVel Trading Down 1.1 %

NASDAQ CRVL opened at $113.74 on Thursday. CorVel has a 1-year low of $74.63 and a 1-year high of $127.24. The firm’s fifty day simple moving average is $123.41 and its 200-day simple moving average is $107.04. The company has a market capitalization of $1.95 billion, a PE ratio of 24.15 and a beta of 1.14.

Insider Transactions at CorVel

In other news, EVP Mark E. Bertels sold 1,050 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $119.12, for a total transaction of $125,072.50. Following the transaction, the executive vice president now owns 2,580 shares in the company, valued at approximately $307,321. This trade represents a 28.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 47.57% of the company’s stock.

Hedge Funds Weigh In On CorVel

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 74 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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. lifted its stake 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 worth $67,000 after buying an additional 112 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of CorVel during the 3rd quarter worth $88,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in CorVel in the 3rd quarter valued at $102,000. 51.36% of the stock is owned by institutional investors and hedge funds.

CorVel Company 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.