1832 Asset Management L.P. Has $421,000 Holdings in CorVel Co. (NASDAQ:CRVL)

1832 Asset Management L.P. increased its position in shares of CorVel Co. (NASDAQ:CRVLFree Report) by 112.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,703 shares of the business services provider’s stock after buying an additional 903 shares during the period. 1832 Asset Management L.P.’s holdings in CorVel were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AXS Investments LLC acquired a new position in shares of CorVel during the 4th quarter worth approximately $189,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of CorVel in the fourth quarter valued at about $264,000. Trexquant Investment LP lifted its stake in shares of CorVel by 34.1% during the 3rd quarter. Trexquant Investment LP now owns 1,426 shares of the business services provider’s stock worth $280,000 after buying an additional 363 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of CorVel by 17.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,426 shares of the business services provider’s stock worth $280,000 after buying an additional 208 shares during the period. Finally, SkyOak Wealth LLC acquired a new position in CorVel in the 4th quarter valued at about $325,000. 51.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Brandon O’brien sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $276.95, for a total transaction of $276,950.00. Following the transaction, the chief financial officer now directly owns 7,305 shares of the company’s stock, valued at $2,023,119.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brandon O’brien sold 1,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $276.95, for a total transaction of $276,950.00. Following the sale, the chief financial officer now directly owns 7,305 shares of the company’s stock, valued at approximately $2,023,119.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman V Gordon Clemons sold 2,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $277.00, for a total value of $554,000.00. Following the completion of the transaction, the chairman now directly owns 266,584 shares of the company’s stock, valued at approximately $73,843,768. The disclosure for this sale can be found here. Corporate insiders own 48.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut CorVel from a “buy” rating to a “hold” rating in a report on Wednesday, June 5th.

Get Our Latest Analysis on CorVel

CorVel Price Performance

CRVL stock opened at $232.63 on Tuesday. The business’s fifty day moving average price is $248.28 and its two-hundred day moving average price is $242.14. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 52.87 and a beta of 1.11. CorVel Co. has a fifty-two week low of $187.92 and a fifty-two week high of $281.41.

About CorVel

(Free Report)

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.

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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