Chatham Capital Group Inc. raised its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,955 shares of the business services provider's stock after buying an additional 2,440 shares during the period. CorVel comprises 1.1% of Chatham Capital Group Inc.'s investment portfolio, making the stock its 26th biggest position. Chatham Capital Group Inc. owned approximately 0.11% of CorVel worth $6,489,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of CorVel by 17,654.4% in the 1st quarter. GAMMA Investing LLC now owns 76,699 shares of the business services provider's stock worth $8,588,000 after acquiring an additional 76,267 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of CorVel by 196.0% in the 4th quarter. California State Teachers Retirement System now owns 26,310 shares of the business services provider's stock valued at $2,927,000 after purchasing an additional 17,421 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of CorVel by 184.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,884 shares of the business services provider's stock valued at $1,545,000 after buying an additional 8,998 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of CorVel by 200.0% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 8,235 shares of the business services provider's stock valued at $916,000 after buying an additional 5,490 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in CorVel during the 4th quarter worth $848,000. Institutional investors and hedge funds own 51.36% of the company's stock.
CorVel Price Performance
CRVL remained flat at $109.56 during midday trading on Friday. 81,991 shares of the company's stock were exchanged, compared to its average volume of 120,044. The firm has a market cap of $5.63 billion, a PE ratio of 64.45 and a beta of 1.02. CorVel Co. has a one year low of $76.53 and a one year high of $128.61. The company's fifty day moving average price is $112.07 and its 200-day moving average price is $116.20.
CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%. The company had revenue of $231.51 million during the quarter.
Insider Activity
In other CorVel news, EVP Mark E. Bertels sold 900 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $113.34, for a total transaction of $102,006.00. Following the sale, the executive vice president now directly owns 2,586 shares of the company's stock, valued at approximately $293,097.24. This represents a 25.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Judd Jessup sold 687 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $111.25, for a total transaction of $76,428.75. Following the completion of the sale, the director now directly owns 128,832 shares in the company, valued at approximately $14,332,560. This trade represents a 0.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,245 shares of company stock worth $2,690,457. 47.57% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of CorVel from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.
Check Out Our Latest Research Report on CorVel
About CorVel
(
Free Report)
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.
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