Voya Investment Management LLC Grows Stake in CorVel Co. (NASDAQ:CRVL)

Voya Investment Management LLC grew its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 177.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,037 shares of the business services provider's stock after purchasing an additional 5,136 shares during the quarter. Voya Investment Management LLC's holdings in CorVel were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRVL. Barclays PLC lifted its position in shares of CorVel by 380.8% during the 3rd quarter. Barclays PLC now owns 15,977 shares of the business services provider's stock worth $5,223,000 after buying an additional 12,654 shares during the last quarter. Franklin Resources Inc. boosted its stake in CorVel by 9.9% in the third quarter. Franklin Resources Inc. now owns 1,917 shares of the business services provider's stock valued at $614,000 after acquiring an additional 173 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of CorVel by 106.6% during the third quarter. JPMorgan Chase & Co. now owns 38,113 shares of the business services provider's stock worth $12,459,000 after purchasing an additional 19,667 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CorVel by 175.2% during the fourth quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock worth $48,000 after purchasing an additional 275 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of CorVel by 136.8% in the 4th quarter. Eagle Bay Advisors LLC now owns 540 shares of the business services provider's stock valued at $60,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 51.36% of the company's stock.

Insiders Place Their Bets

In other news, Director Alan Hoops sold 10,200 shares of CorVel stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the transaction, the director now owns 118,213 shares of the company's stock, valued at $13,758,811.07. The trade was a 7.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brandon O'brien sold 1,523 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the sale, the chief financial officer now owns 17,142 shares in the company, valued at $2,049,497.52. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,723 shares of company stock worth $4,522,340. 47.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

CorVel Trading Up 0.3 %

Shares of NASDAQ:CRVL traded up $0.29 during midday trading on Friday, hitting $112.51. The stock had a trading volume of 192,286 shares, compared to its average volume of 119,297. CorVel Co. has a 1 year low of $76.53 and a 1 year high of $128.61. The stock has a 50 day moving average price of $110.67 and a two-hundred day moving average price of $115.97. The company has a market capitalization of $5.78 billion, a PE ratio of 66.18 and a beta of 1.10.

CorVel (NASDAQ:CRVL - Get Free Report) last released 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 return on equity of 32.22% and a net margin of 10.12%.

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.