American Century Companies Inc. Has $1.83 Million Stock Position in CorVel Co. (NASDAQ:CRVL)

American Century Companies Inc. grew its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 59.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,188 shares of the business services provider’s stock after buying an additional 2,682 shares during the quarter. American Century Companies Inc.’s holdings in CorVel were worth $1,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in CorVel during the fourth quarter worth about $19,974,000. Corient Private Wealth LLC boosted its holdings in CorVel by 30.0% during the fourth quarter. Corient Private Wealth LLC now owns 2,321 shares of the business services provider’s stock worth $574,000 after purchasing an additional 535 shares during the last quarter. Stifel Financial Corp boosted its holdings in CorVel by 11.2% during the fourth quarter. Stifel Financial Corp now owns 26,661 shares of the business services provider’s stock worth $6,591,000 after purchasing an additional 2,679 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in CorVel by 76.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,186 shares of the business services provider’s stock worth $788,000 after purchasing an additional 1,382 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in CorVel by 112.9% during the fourth quarter. 1832 Asset Management L.P. now owns 1,703 shares of the business services provider’s stock worth $421,000 after purchasing an additional 903 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

CorVel Trading Down 0.2 %

CorVel stock opened at $320.37 on Friday. CorVel Co. has a 1-year low of $187.92 and a 1-year high of $329.23. The firm has a market capitalization of $5.50 billion, a PE ratio of 72.81 and a beta of 1.08. The firm’s 50 day simple moving average is $309.31 and its 200 day simple moving average is $271.55.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. CorVel had a net margin of 9.55% and a return on equity of 32.25%. The company had revenue of $211.72 million during the quarter.

Insiders Place Their Bets

In related news, CEO Michael G. Combs sold 2,473 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $300.99, for a total value of $744,348.27. Following the completion of the transaction, the chief executive officer now directly owns 16,823 shares in the company, valued at approximately $5,063,554.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael G. Combs sold 2,473 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $300.99, for a total value of $744,348.27. Following the transaction, the chief executive officer now owns 16,823 shares of the company’s stock, valued at $5,063,554.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Corstar Holdings Inc sold 10,649 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $261.36, for a total transaction of $2,783,222.64. Following the sale, the insider now owns 6,333,387 shares in the company, valued at approximately $1,655,294,026.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,431 shares of company stock worth $19,961,847. 47.57% of the stock is currently owned by corporate insiders.

CorVel Company 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.