CorVel Co. (NASDAQ:CRVL) Holdings Lifted by Premier Fund Managers Ltd

Premier Fund Managers Ltd grew its stake in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 120.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,306 shares of the business services provider's stock after acquiring an additional 3,440 shares during the period. Premier Fund Managers Ltd's holdings in CorVel were worth $708,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its holdings in CorVel by 45.9% during the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after purchasing an additional 101 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in CorVel in the 4th quarter valued at approximately $37,000. US Bancorp DE lifted its stake in CorVel by 225.4% in the 4th quarter. US Bancorp DE now owns 384 shares of the business services provider's stock valued at $43,000 after buying an additional 266 shares in the last quarter. GAMMA Investing LLC grew its holdings in CorVel by 175.2% during the 4th quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock valued at $48,000 after buying an additional 275 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in CorVel by 216.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the business services provider's stock worth $59,000 after buying an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company's stock.

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CorVel Stock Up 1.1 %

Shares of CRVL stock traded up $1.23 during mid-day trading on Tuesday, hitting $113.20. 11,642 shares of the company's stock were exchanged, compared to its average volume of 111,345. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 66.93 and a beta of 1.06. CorVel Co. has a fifty-two week low of $76.20 and a fifty-two week high of $128.61. The stock has a 50-day simple moving average of $112.32 and a two-hundred day simple moving average of $114.69.

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%.

Insider Buying and Selling at CorVel

In other news, Director Steven J. Hamerslag sold 10,000 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the completion of the sale, the director now owns 314,000 shares in the company, valued at approximately $38,772,720. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 directly owns 568,310 shares in the company, valued at approximately $66,179,699.50. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,200 shares of company stock worth $3,824,115 in the last quarter. 47.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of CorVel from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th.

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.