Janus Henderson Group PLC Decreases Position in CorVel Co. (NASDAQ:CRVL)

Janus Henderson Group PLC reduced its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,463 shares of the business services provider's stock after selling 5,284 shares during the period. Janus Henderson Group PLC owned 0.24% of CorVel worth $13,551,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in CorVel in the third quarter worth $184,000. Erste Asset Management GmbH bought a new position in CorVel in the 3rd quarter worth $545,000. Edgestream Partners L.P. lifted its position in shares of CorVel by 38.9% in the 3rd quarter. Edgestream Partners L.P. now owns 4,102 shares of the business services provider's stock worth $1,341,000 after purchasing an additional 1,148 shares during the period. Verition Fund Management LLC bought a new stake in shares of CorVel during the 3rd quarter valued at about $213,000. Finally, Captrust Financial Advisors purchased a new position in shares of CorVel during the third quarter valued at about $217,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

CorVel Stock Performance

Shares of NASDAQ CRVL traded up $0.72 during mid-day trading on Friday, hitting $352.58. 28,269 shares of the stock traded hands, compared to its average volume of 41,308. The stock has a fifty day moving average price of $332.73 and a 200-day moving average price of $301.21. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 74.86 and a beta of 1.14. CorVel Co. has a 52 week low of $218.29 and a 52 week high of $381.73.

Wall Street Analysts Forecast Growth

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

CorVel 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.