CorVel Co. (NASDAQ:CRVL) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 175.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,533 shares of the business services provider's stock after purchasing an additional 31,523 shares during the period. Tudor Investment Corp ET AL owned about 0.10% of CorVel worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its holdings in shares of CorVel by 152.8% during the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock valued at $12,137,000 after purchasing an additional 65,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CorVel by 297.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock valued at $768,000 after buying an additional 5,163 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of CorVel by 199.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock worth $594,000 after acquiring an additional 3,558 shares during the period. American Century Companies Inc. boosted its stake in shares of CorVel by 200.8% during the 4th quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock worth $1,539,000 after acquiring an additional 9,233 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of CorVel by 154.9% during the 4th quarter. Federated Hermes Inc. now owns 492 shares of the business services provider's stock valued at $55,000 after acquiring an additional 299 shares during the period. 51.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven J. Hamerslag sold 10,000 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the completion of the sale, the director now owns 314,000 shares of the company's stock, valued at approximately $38,772,720. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey J. Michael sold 16,523 shares of the firm's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,723 shares of company stock worth $5,757,140. Insiders own 47.57% of the company's stock.

CorVel Stock Performance

CorVel stock traded up $3.06 during trading on Friday, reaching $112.03. The company had a trading volume of 116,171 shares, compared to its average volume of 119,410. The firm has a market capitalization of $5.75 billion, a PE ratio of 65.90 and a beta of 0.94. The firm's 50-day simple moving average is $110.38 and its 200 day simple moving average is $115.72. 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 posted 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%.

Analysts Set New Price Targets

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

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.