CorVel Co. (NASDAQ:CRVL) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 184.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,858,830 shares of the business services provider's stock after purchasing an additional 1,204,611 shares during the quarter. Renaissance Technologies LLC owned approximately 3.64% of CorVel worth $206,813,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in CorVel by 202.1% in the fourth quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider's stock valued at $365,116,000 after buying an additional 2,195,466 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CorVel by 205.1% in the 4th quarter. Geode Capital Management LLC now owns 774,653 shares of the business services provider's stock valued at $86,204,000 after acquiring an additional 520,783 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of CorVel by 196.8% during the 4th quarter. Boston Trust Walden Corp now owns 690,053 shares of the business services provider's stock worth $76,775,000 after acquiring an additional 457,538 shares in the last quarter. Wells Fargo & Company MN lifted its stake in CorVel by 169.3% during the fourth quarter. Wells Fargo & Company MN now owns 447,724 shares of the business services provider's stock worth $49,814,000 after purchasing an additional 281,471 shares during the last quarter. Finally, Norges Bank acquired a new position in CorVel in the fourth quarter valued at approximately $41,393,000. 51.36% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at CorVel

In related news, Director Alan Hoops sold 10,200 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total value of $1,187,178.00. Following the transaction, the director now owns 118,213 shares in the company, valued at $13,758,811.07. The trade was a 7.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brandon O'brien sold 1,523 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total value of $182,089.88. Following the sale, the chief financial officer now directly owns 17,142 shares of the company's stock, valued at approximately $2,049,497.52. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,723 shares of company stock worth $5,757,140. 47.57% of the stock is owned by insiders.

CorVel Trading Up 0.8 %

NASDAQ:CRVL traded up $0.96 during midday trading on Friday, hitting $115.86. 103,434 shares of the company were exchanged, compared to its average volume of 113,499. CorVel Co. has a fifty-two week low of $76.20 and a fifty-two week high of $128.61. The company has a market capitalization of $5.95 billion, a PE ratio of 68.15 and a beta of 0.94. The company has a fifty day simple moving average of $111.60 and a 200 day simple moving average of $115.09.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CorVel from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th.

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.