Integrated Wealth Concepts LLC Grows Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Integrated Wealth Concepts LLC lifted its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 195.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,411 shares of the business services provider's stock after purchasing an additional 2,258 shares during the period. Integrated Wealth Concepts LLC's holdings in CorVel were worth $380,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in CorVel by 193.7% during 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 in the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 2,195,466 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of CorVel by 184.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider's stock worth $206,813,000 after acquiring an additional 1,204,611 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in CorVel by 187.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider's stock worth $171,969,000 after purchasing an additional 1,007,651 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings 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 buying an additional 567,984 shares during the period. Institutional investors and hedge funds own 51.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

CorVel Stock Performance

CRVL traded up $0.48 on Tuesday, hitting $111.00. 100,738 shares of the company were exchanged, compared to its average volume of 119,573. The company has a market cap of $5.70 billion, a PE ratio of 65.29 and a beta of 1.10. CorVel Co. has a 12 month low of $76.53 and a 12 month high of $128.61. The stock's fifty day moving average is $110.42 and its 200-day moving average is $115.89.

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

Insider Transactions at CorVel

In other CorVel news, Director Alan Hoops sold 10,200 shares of CorVel stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total value of $1,187,178.00. Following the completion of the sale, the director now directly owns 118,213 shares in the company, valued at approximately $13,758,811.07. The trade was a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey J. Michael sold 16,523 shares of the stock in a transaction dated 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 directly owns 551,787 shares in the company, valued at $64,553,561.13. This trade represents a 2.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,723 shares of company stock valued at $5,757,140. Company insiders own 47.57% of the company's stock.

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.