OxFORD Asset Management LLP cut its stake in shares of CorVel Corp. (NASDAQ:CRVL) by 14.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,127 shares of the business services provider’s stock after selling 9,806 shares during the period. OxFORD Asset Management LLP owned about 0.30% of CorVel worth $3,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in CorVel in the third quarter worth approximately $102,000. Municipal Employees Retirement System of Michigan grew its position in CorVel by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,310 shares of the business services provider’s stock worth $110,000 after acquiring an additional 80 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of CorVel by 57.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,061 shares of the business services provider’s stock worth $145,000 after buying an additional 1,121 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of CorVel by 339.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,857 shares of the business services provider’s stock worth $184,000 after buying an additional 2,979 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of CorVel during the 2nd quarter worth $201,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CorVel Corp. (NASDAQ:CRVL) opened at $54.95 on Friday. The stock has a market cap of $1,040.00, a price-to-earnings ratio of 33.21 and a beta of 0.72. CorVel Corp. has a 1-year low of $34.30 and a 1-year high of $61.20.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $136.43 million during the quarter. CorVel had a net margin of 6.01% and a return on equity of 22.68%.

In other news, insider Maxim Shishin sold 1,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $57.26, for a total value of $57,260.00. Following the completion of the transaction, the insider now owns 1,000 shares in the company, valued at approximately $57,260. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 50.96% of the company’s stock.

Separately, BidaskClub raised shares of CorVel from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th.

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CorVel Profile

CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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