UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 65,620 Shares of CorVel Co. (NASDAQ:CRVL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 234.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,606 shares of the business services provider's stock after purchasing an additional 65,620 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of CorVel worth $10,415,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CRVL. Kayne Anderson Rudnick Investment Management LLC raised its position in 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 purchasing an additional 3,768,440 shares during the last quarter. Vanguard Group Inc. raised its position in 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 purchasing an additional 2,195,466 shares during the last quarter. Renaissance Technologies LLC raised its position in CorVel by 184.1% in the fourth 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 raised its position in CorVel by 187.3% in the fourth 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 last quarter. Finally, Neuberger Berman Group LLC raised its position in CorVel by 204.6% in 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 purchasing an additional 567,984 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey J. Michael sold 16,523 shares of CorVel stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $116.99, for a total transaction of $1,933,025.77. Following the transaction, the director now owns 551,787 shares of the company's stock, valued at $64,553,561.13. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Yoss sold 1,050 shares of CorVel stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $111.39, for a total value of $116,959.50. Following the transaction, the vice president now directly owns 2,088 shares in the company, valued at approximately $232,582.32. The trade was a 33.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,408 shares of company stock worth $2,597,264. 47.57% of the stock is owned by corporate insiders.

CorVel Stock Performance

Shares of CRVL traded down $0.19 during mid-day trading on Monday, reaching $111.08. 140,989 shares of the company were exchanged, compared to its average volume of 120,110. CorVel Co. has a 52 week low of $76.53 and a 52 week high of $128.61. The stock has a market capitalization of $5.70 billion, a PE ratio of 65.34 and a beta of 1.10. The business has a 50 day simple moving average of $112.21 and a two-hundred day simple moving average of $116.47.

CorVel (NASDAQ:CRVL - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $231.51 million during 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 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.