Erste Asset Management GmbH Has $546,000 Holdings in CorVel Co. (NASDAQ:CRVL)

Erste Asset Management GmbH grew its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 182.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,800 shares of the business services provider's stock after buying an additional 3,100 shares during the quarter. Erste Asset Management GmbH's holdings in CorVel were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CRVL. Atria Investments Inc lifted its position in CorVel by 8.6% during the 3rd quarter. Atria Investments Inc now owns 4,234 shares of the business services provider's stock worth $1,384,000 after buying an additional 335 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of CorVel during the third quarter worth approximately $298,000. Quest Partners LLC lifted its position in shares of CorVel by 95.1% during the third quarter. Quest Partners LLC now owns 3,596 shares of the business services provider's stock worth $1,175,000 after purchasing an additional 1,753 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in shares of CorVel during the third quarter valued at approximately $918,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of CorVel by 121.7% in the third quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider's stock valued at $67,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company's stock.

CorVel Stock Up 2.4 %

CRVL stock traded up $2.55 during midday trading on Wednesday, reaching $108.34. The stock had a trading volume of 101,048 shares, compared to its average volume of 105,633. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 63.73 and a beta of 1.06. CorVel Co. has a twelve month low of $76.20 and a twelve month high of $128.61. The business has a fifty day simple moving average of $112.09 and a two-hundred day simple moving average of $114.20.

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CorVel (NASDAQ:CRVL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share 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 lowered CorVel from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th.

Insider Activity

In related news, Director Jeffrey J. Michael sold 10,477 shares of CorVel stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $116.45, for a total transaction of $1,220,046.65. Following the transaction, the director now owns 568,310 shares of the company's stock, valued at $66,179,699.50. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Hoops sold 10,200 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the transaction, the director now owns 118,213 shares of the company's stock, valued at approximately $13,758,811.07. This represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,200 shares of company stock valued at $3,824,115 in the last 90 days. 47.57% of the stock is owned by company insiders.

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.