CorVel Co. (NASDAQ:CRVL) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 200.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,709 shares of the business services provider's stock after acquiring an additional 5,806 shares during the period. Curi RMB Capital LLC's holdings in CorVel were worth $969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in shares of CorVel by 152.8% during the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock valued at $12,137,000 after purchasing an additional 65,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CorVel by 297.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock worth $768,000 after acquiring an additional 5,163 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of CorVel by 199.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock worth $594,000 after acquiring an additional 3,558 shares in the last quarter. American Century Companies Inc. raised its stake in CorVel by 200.8% during the fourth quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock valued at $1,539,000 after purchasing an additional 9,233 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of CorVel by 203.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,644 shares of the business services provider's stock valued at $29,111,000 after acquiring an additional 175,408 shares during the last quarter. Institutional investors own 51.36% of the company's stock.

Insiders Place Their Bets

In other CorVel news, CFO Brandon O'brien sold 1,523 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total value of $182,089.88. Following the completion of the transaction, the chief financial officer now owns 17,142 shares in the company, valued at approximately $2,049,497.52. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey J. Michael sold 16,523 shares of the company's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $116.99, for a total value of $1,933,025.77. Following the completion of the transaction, the director now directly owns 551,787 shares of the company's stock, valued at $64,553,561.13. The trade was a 2.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,723 shares of company stock valued at $5,757,140. Insiders own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

CorVel Stock Performance

CorVel stock traded down $0.86 during mid-day trading on Friday, reaching $110.31. 185,999 shares of the company were exchanged, compared to its average volume of 117,314. The firm has a market cap of $5.67 billion, a P/E ratio of 64.89 and a beta of 0.94. CorVel Co. has a 12-month low of $76.53 and a 12-month high of $128.61. The business has a fifty day moving average of $110.59 and a 200 day moving average of $115.55.

CorVel (NASDAQ:CRVL - Get Free Report) last posted 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%.

About CorVel

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.