Premier Fund Managers Ltd Acquires Shares of 2,866 CorVel Co. (NASDAQ:CRVL)

Premier Fund Managers Ltd bought a new stake in CorVel Co. (NASDAQ:CRVL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,866 shares of the business services provider's stock, valued at approximately $918,000.

Several other institutional investors have also recently bought and sold shares of CRVL. SkyView Investment Advisors LLC increased its position in CorVel by 0.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 4,284 shares of the business services provider's stock worth $1,089,000 after purchasing an additional 34 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CorVel by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider's stock valued at $545,000 after acquiring an additional 46 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of CorVel by 1.8% during the 2nd 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 in the last quarter. First Trust Direct Indexing L.P. grew its position in CorVel by 5.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider's stock worth $293,000 after acquiring an additional 46 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in CorVel by 98.0% in the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider's stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company's stock.

Insider Buying and Selling at CorVel

In other CorVel news, Director R Judd Jessup sold 2,500 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $311.60, for a total transaction of $779,000.00. Following the completion of the sale, the director now directly owns 40,777 shares in the company, valued at approximately $12,706,113.20. This trade represents a 5.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 47.57% of the company's stock.

Analysts Set New Price Targets

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

CorVel Price Performance

Shares of CorVel stock traded down $11.43 during trading on Wednesday, hitting $346.89. The company's stock had a trading volume of 7,635 shares, compared to its average volume of 36,426. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 76.08 and a beta of 1.10. CorVel Co. has a 52 week low of $203.90 and a 52 week high of $367.84. The stock has a 50-day moving average price of $321.00 and a two-hundred day moving average price of $292.40.

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.