CorVel Co. (NASDAQ:CRVL - Get Free Report) CFO Brandon O'brien sold 1,523 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the transaction, the chief financial officer now owns 17,142 shares of the company's stock, valued at $2,049,497.52. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
CorVel Price Performance
Shares of CRVL opened at $119.13 on Friday. CorVel Co. has a 1 year low of $76.20 and a 1 year high of $128.61. The stock has a 50 day simple moving average of $123.61 and a two-hundred day simple moving average of $112.93. The firm has a market cap of $6.12 billion, a P/E ratio of 70.08 and a beta of 1.16.
CorVel (NASDAQ:CRVL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in CorVel by 435.3% during the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider's stock valued at $30,000 after acquiring an additional 74 shares during the period. GAMMA Investing LLC lifted its position in CorVel by 61.9% in the third quarter. GAMMA Investing LLC now owns 157 shares of the business services provider's stock valued at $51,000 after purchasing an additional 60 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of CorVel by 121.7% during the third quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider's stock valued at $67,000 after purchasing an additional 112 shares during the period. Bessemer Group Inc. grew its holdings in shares of CorVel by 6,350.0% in the fourth quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of CorVel in the third quarter worth $88,000. 51.36% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com raised CorVel from a "hold" rating to a "buy" rating in a research note on Monday.
Read Our Latest Research Report on CorVel
CorVel Company Profile
(
Get 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.
Further Reading
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