CorVel Co. (NASDAQ:CRVL) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 68.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,662 shares of the business services provider's stock after buying an additional 4,742 shares during the period. Citigroup Inc. owned about 0.07% of CorVel worth $3,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in CorVel by 41.8% during the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider's stock valued at $29,464,000 after purchasing an additional 34,155 shares during the last quarter. Quest Partners LLC increased its position in CorVel by 184,200.0% during the 2nd quarter. Quest Partners LLC now owns 1,843 shares of the business services provider's stock valued at $469,000 after purchasing an additional 1,842 shares during the period. Texas Permanent School Fund Corp grew its position in shares of CorVel by 15.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 9,137 shares of the business services provider's stock worth $2,323,000 after buying an additional 1,208 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of CorVel by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,139 shares of the business services provider's stock worth $1,307,000 after buying an additional 204 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of CorVel in the 2nd quarter worth approximately $318,000. Institutional investors own 51.36% of the company's stock.

CorVel Trading Up 1.0 %

NASDAQ CRVL traded up $3.69 on Wednesday, hitting $359.80. 23,934 shares of the company's stock traded hands, compared to its average volume of 36,782. The firm's 50-day moving average price is $331.47 and its two-hundred day moving average price is $300.00. CorVel Co. has a 1-year low of $212.70 and a 1-year high of $381.73. The firm has a market capitalization of $6.16 billion, a PE ratio of 76.39 and a beta of 1.14.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of CorVel from a "buy" rating to a "hold" rating in a research report on Saturday, August 31st.

About CorVel

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.