CorVel Co. (NASDAQ:CRVL - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $370.00 and last traded at $365.59, with a volume of 9060 shares. The stock had previously closed at $360.19.
Analyst Ratings Changes
Separately, StockNews.com cut shares of CorVel from a "buy" rating to a "hold" rating in a research report on Saturday, August 31st.
Get Our Latest Research Report on CorVel
CorVel Stock Up 2.8 %
The firm has a 50 day moving average of $324.27 and a 200-day moving average of $294.44. The company has a market cap of $6.35 billion, a P/E ratio of 78.65 and a beta of 1.10.
Hedge Funds Weigh In On CorVel
Institutional investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC raised its position in shares of CorVel by 0.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 4,284 shares of the business services provider's stock worth $1,089,000 after acquiring an additional 34 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CorVel by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider's stock worth $545,000 after acquiring an additional 46 shares in the last quarter. Arizona State Retirement System lifted its position in CorVel by 1.8% during the second quarter. Arizona State Retirement System now owns 2,632 shares of the business services provider's stock valued at $669,000 after acquiring an additional 46 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in CorVel by 5.4% in the third quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider's stock valued at $293,000 after acquiring an additional 46 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider's stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company's stock.
About CorVel
(
Get 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.
Read More
Before you consider CorVel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CorVel wasn't on the list.
While CorVel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
