6 days Ago By ABMN Staff
Alliancebernstein L.P. boosted its position in CorVel Co.
( NASDAQ:CRVL – Free Report ) by 192.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,702 shares of the business services provider’s stock after purchasing an additional 22,168 shares during the quarter.
Alliancebernstein L.P. owned about 0.
07% of CorVel worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of CorVel by 45.
9% in the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock valued at $36,000 after buying an additional 101 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in CorVel in the 4th quarter worth approximately $37,000.
US Bancorp DE raised its holdings 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 acquiring an additional 266 shares during the last quarter.
GAMMA Investing LLC lifted its stake in shares of CorVel by 175.2% during the 4th quarter. GAMMA Investing LLC now owns 432 shares of the business services provider’s stock worth $48,000 after purchasing an additional 275 shares during the period.
Finally, CIBC Private Wealth Group LLC lifted its stake in shares of CorVel by 300.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 480 shares of the business services provider’s stock worth $53,000 after purchasing an additional 360 shares during the period.
51.36% of the stock is currently owned by hedge funds and other institutional investors. CorVel Price Performance NASDAQ CRVL opened at $116.
38 on Tuesday. The company has a market cap of $5.98 billion, a P/E ratio of 68.
46 and a beta of 0.94. CorVel Co.
has a 12 month low of $76.20 and a 12 month high of $128.61.
The company has a 50-day moving average of $111.36 and a 200-day moving average of $115.16.
Insider Buying and Selling In other news, CFO Brandon O’brien sold 1,523 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 17,142 shares of the company’s stock, valued at $2,049,497.52.
This represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Director Alan Hoops sold 10,200 shares of CorVel stock in a transaction 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 in the company, valued at $13,758,811.07.
The trade was a 7.94 % decrease in their position. The disclosure for this sale can be found here .
In the last ninety days, insiders have sold 48,723 shares of company stock valued at $5,757,140. 47.57% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades Separately, StockNews.com raised CorVel from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Get Our Latest Report on CRVL CorVel Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for CorVel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorVel and related companies with MarketBeat.
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