Two Sigma Advisers LP Buys 3,060 Shares of CorVel Co. (NASDAQ:CRVL)

Two Sigma Advisers LP boosted its holdings in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 90.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,440 shares of the business services provider's stock after purchasing an additional 3,060 shares during the quarter. Two Sigma Advisers LP's holdings in CorVel were worth $717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of CorVel by 193.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider's stock valued at $635,779,000 after acquiring an additional 3,768,440 shares during the period. Vanguard Group Inc. raised its stake in CorVel by 202.1% during the 4th quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider's stock valued at $365,116,000 after purchasing an additional 2,195,466 shares during the last quarter. Renaissance Technologies LLC raised its stake in CorVel by 184.1% during 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 purchasing an additional 1,204,611 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CorVel by 187.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider's stock valued at $171,969,000 after purchasing an additional 1,007,651 shares during the period. Finally, Neuberger Berman Group LLC grew its position in CorVel by 204.6% in the 4th quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider's stock worth $94,074,000 after purchasing an additional 567,984 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company's stock.

Insiders Place Their Bets

In related news, VP Jennifer Yoss sold 1,050 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $111.39, for a total value of $116,959.50. Following the completion of the transaction, the vice president now owns 2,088 shares of the company's stock, valued at $232,582.32. This represents a 33.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Judd Jessup sold 935 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $113.50, for a total transaction of $106,122.50. Following the transaction, the director now owns 129,519 shares of the company's stock, valued at approximately $14,700,406.50. This represents a 0.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,245 shares of company stock worth $2,690,457 over the last 90 days. Corporate insiders own 47.57% of the company's stock.

CorVel Price Performance

CRVL remained flat at $109.56 on Friday. The company had a trading volume of 81,991 shares, compared to its average volume of 119,905. The business has a 50 day moving average of $112.15 and a two-hundred day moving average of $116.31. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 64.45 and a beta of 1.02. CorVel Co. has a 1 year low of $76.53 and a 1 year high of $128.61.

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. The business had revenue of $231.51 million for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of 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.