OneDigital Investment Advisors LLC raised its holdings in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 194.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,012 shares of the business services provider's stock after acquiring an additional 6,614 shares during the quarter. OneDigital Investment Advisors LLC's holdings in CorVel were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of CorVel by 152.8% during the fourth quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock worth $12,137,000 after buying an additional 65,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 period. Steward Partners Investment Advisory LLC raised its holdings in CorVel by 199.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock valued at $594,000 after acquiring an additional 3,558 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of CorVel by 200.8% during the fourth quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock worth $1,539,000 after purchasing an additional 9,233 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of CorVel by 154.9% in the fourth quarter. Federated Hermes Inc. now owns 492 shares of the business services provider's stock valued at $55,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 51.36% of the company's stock.
CorVel Stock Performance
CRVL traded down $0.39 on Wednesday, reaching $108.61. 25,573 shares of the company's stock were exchanged, compared to its average volume of 118,112. CorVel Co. has a twelve month low of $76.53 and a twelve month high of $128.61. The company's 50 day moving average is $110.29 and its 200-day moving average is $115.71. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 63.85 and a beta of 0.94.
CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of CorVel from a "hold" rating to a "buy" rating in a report on Friday, April 18th.
Read Our Latest Report on CorVel
Insider Transactions at CorVel
In other CorVel news, Director Jeffrey J. Michael sold 16,523 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total transaction of $1,933,025.77. Following the completion of the sale, the director now owns 551,787 shares in the company, valued at $64,553,561.13. The trade was a 2.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Hamerslag sold 10,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the sale, the director now owns 314,000 shares in the company, valued at approximately $38,772,720. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,723 shares of company stock valued at $5,757,140. 47.57% of the stock is currently owned by corporate insiders.
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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