CorVel Co. (NASDAQ:CRVL) Position Increased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 235.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,136 shares of the business services provider's stock after purchasing an additional 3,606 shares during the period. Bank of Montreal Can's holdings in CorVel were worth $571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in CorVel by 380.8% during the 3rd quarter. Barclays PLC now owns 15,977 shares of the business services provider's stock valued at $5,223,000 after buying an additional 12,654 shares during the period. Sanctuary Advisors LLC increased its stake in shares of CorVel by 4.6% during the third quarter. Sanctuary Advisors LLC now owns 2,848 shares of the business services provider's stock valued at $931,000 after acquiring an additional 124 shares during the period. Franklin Resources Inc. increased its stake in shares of CorVel by 9.9% during the third quarter. Franklin Resources Inc. now owns 1,917 shares of the business services provider's stock valued at $614,000 after acquiring an additional 173 shares during the period. JPMorgan Chase & Co. raised its holdings in CorVel by 106.6% during the third quarter. JPMorgan Chase & Co. now owns 38,113 shares of the business services provider's stock worth $12,459,000 after purchasing an additional 19,667 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in CorVel by 175.2% in the fourth quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock worth $48,000 after purchasing an additional 275 shares during the period. 51.36% of the stock is currently owned by institutional investors.

CorVel Stock Down 2.2 %

CorVel stock traded down $2.42 during midday trading on Friday, hitting $108.75. The company's stock had a trading volume of 27,002 shares, compared to its average volume of 116,507. CorVel Co. has a 12 month low of $76.53 and a 12 month high of $128.61. The company has a market capitalization of $5.59 billion, a PE ratio of 63.97 and a beta of 0.94. The stock's 50-day moving average price is $110.76 and its 200-day moving average price is $115.51.

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

Insider Buying and Selling at CorVel

In other news, Director Alan Hoops sold 10,200 shares of CorVel stock in a transaction that occurred on 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 transaction, the director now directly owns 118,213 shares of the company's stock, valued at $13,758,811.07. This trade represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey J. Michael sold 16,523 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total transaction of $1,933,025.77. Following the sale, the director now owns 551,787 shares in the company, valued at $64,553,561.13. This represents a 2.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,723 shares of company stock valued at $5,757,140. Corporate insiders own 47.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CorVel from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

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.