CorVel Co. (NASDAQ:CRVL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of CorVel Co. (NASDAQ:CRVL) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,024 shares of the business services provider’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in CorVel were worth $2,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in CorVel by 3.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,976,764 shares of the business services provider’s stock worth $376,139,000 after buying an additional 74,446 shares during the period. Norges Bank purchased a new stake in CorVel during the fourth quarter worth approximately $10,475,000. Morgan Stanley grew its stake in CorVel by 36.5% during the third quarter. Morgan Stanley now owns 139,754 shares of the business services provider’s stock worth $27,483,000 after buying an additional 37,377 shares during the period. Boston Trust Walden Corp grew its stake in CorVel by 6.9% during the third quarter. Boston Trust Walden Corp now owns 278,027 shares of the business services provider’s stock worth $54,674,000 after buying an additional 17,954 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in CorVel by 239.5% during the first quarter. Cubist Systematic Strategies LLC now owns 21,651 shares of the business services provider’s stock worth $4,120,000 after buying an additional 15,273 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

Insider Activity

In other news, VP Jennifer Yoss sold 1,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $239.41, for a total value of $359,115.00. Following the completion of the transaction, the vice president now directly owns 512 shares in the company, valued at $122,577.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CorVel news, CEO Michael G. Combs sold 301 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $246.82, for a total transaction of $74,292.82. Following the transaction, the chief executive officer now directly owns 21,082 shares in the company, valued at approximately $5,203,459.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Yoss sold 1,500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $239.41, for a total transaction of $359,115.00. Following the transaction, the vice president now owns 512 shares in the company, valued at $122,577.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,043 shares of company stock worth $3,960,007. 48.71% of the stock is currently owned by company insiders.

CorVel Trading Down 1.3 %

Shares of CRVL stock opened at $235.49 on Wednesday. The company has a market capitalization of $4.03 billion, a PE ratio of 54.51 and a beta of 1.07. The firm has a fifty day simple moving average of $245.54 and a 200-day simple moving average of $228.66. CorVel Co. has a twelve month low of $187.92 and a twelve month high of $265.14.

CorVel (NASDAQ:CRVL) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.99 earnings per share for the quarter. The business had revenue of $202.30 million during the quarter. CorVel had a net margin of 9.69% and a return on equity of 34.66%.

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 Saturday, March 16th.

CorVel Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.