Barclays PLC Buys 33,432 Shares of CorVel Co. (NASDAQ:CRVL)

Barclays PLC boosted its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 209.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,409 shares of the business services provider's stock after purchasing an additional 33,432 shares during the period. Barclays PLC owned 0.10% of CorVel worth $5,497,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of CorVel by 202.1% in the fourth quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider's stock valued at $365,116,000 after buying an additional 2,195,466 shares during the period. Renaissance Technologies LLC increased its position in CorVel by 184.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider's stock valued at $206,813,000 after acquiring an additional 1,204,611 shares during the period. Neuberger Berman Group LLC raised its stake in shares of CorVel by 204.6% during the fourth quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider's stock valued at $94,074,000 after acquiring an additional 567,984 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CorVel by 205.1% during the fourth quarter. Geode Capital Management LLC now owns 774,653 shares of the business services provider's stock worth $86,204,000 after purchasing an additional 520,783 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in CorVel by 196.8% in the fourth quarter. Boston Trust Walden Corp now owns 690,053 shares of the business services provider's stock valued at $76,775,000 after purchasing an additional 457,538 shares during the period. 51.36% of the stock is currently owned by institutional investors.

CorVel Stock Up 0.8 %

CorVel stock traded up $0.92 during trading hours on Thursday, reaching $109.68. 16,216 shares of the company's stock were exchanged, compared to its average volume of 118,366. The firm has a market capitalization of $5.63 billion, a PE ratio of 64.80 and a beta of 0.94. The firm's 50 day simple moving average is $110.29 and its 200 day simple moving average is $115.66. CorVel Co. has a twelve month low of $76.53 and a twelve month high of $128.61.

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

Insider Buying and Selling

In related news, Director Steven J. Hamerslag sold 10,000 shares of CorVel stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total value of $1,234,800.00. Following the completion of the sale, the director now owns 314,000 shares of the company's stock, valued at approximately $38,772,720. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Hoops sold 10,200 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the transaction, the director now owns 118,213 shares in the company, valued at approximately $13,758,811.07. The trade was a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,723 shares of company stock valued at $5,757,140 over the last ninety days. 47.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.