CorVel Co. (NASDAQ:CRVL) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 199.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,814 shares of the business services provider’s stock after purchasing an additional 3,873 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CorVel were worth $647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its holdings in CorVel by 193.1% during the 3rd quarter. FMR LLC now owns 4,306 shares of the business services provider’s stock worth $1,408,000 after buying an additional 2,837 shares during the period. State Street Corp raised its holdings in shares of CorVel by 0.8% during the third quarter. State Street Corp now owns 360,068 shares of the business services provider’s stock valued at $117,703,000 after acquiring an additional 2,959 shares during the period. SkyView Investment Advisors LLC lifted its position in shares of CorVel by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock valued at $1,422,000 after acquiring an additional 67 shares in the last quarter. Victory Capital Management Inc. boosted its stake in CorVel by 152.8% in the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider’s stock worth $12,137,000 after purchasing an additional 65,940 shares during the period. Finally, Verition Fund Management LLC purchased a new position in CorVel during the 3rd quarter worth approximately $213,000. 51.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th.

Insider Buying and Selling

In related news, Director Alan Hoops sold 10,200 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total value of $1,187,178.00. Following the completion of the sale, the director now owns 118,213 shares in the company, valued at approximately $13,758,811.07. This trade represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey J. Michael sold 10,477 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $116.45, for a total value of $1,220,046.65. Following the completion of the transaction, the director now directly owns 568,310 shares of the company’s stock, valued at approximately $66,179,699.50. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,200 shares of company stock worth $3,824,115 in the last quarter. 47.57% of the stock is currently owned by company insiders.

CorVel Price Performance

Shares of CRVL stock opened at $111.53 on Thursday. CorVel Co. has a fifty-two week low of $76.20 and a fifty-two week high of $128.61. The stock’s 50-day moving average is $112.14 and its two-hundred day moving average is $114.36. The firm has a market cap of $5.73 billion, a P/E ratio of 65.61 and a beta of 1.06.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

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.