CorVel Co. (NASDAQ:CRVL) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 5.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,731 shares of the business services provider’s stock after selling 425 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in CorVel were worth $1,911,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SkyOak Wealth LLC acquired a new position in shares of CorVel during the fourth quarter valued at $325,000. Trexquant Investment LP boosted its stake in CorVel by 34.1% during the third quarter. Trexquant Investment LP now owns 1,426 shares of the business services provider’s stock valued at $280,000 after buying an additional 363 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in CorVel by 17.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,426 shares of the business services provider’s stock valued at $280,000 after buying an additional 208 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in CorVel by 14.7% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,485 shares of the business services provider’s stock valued at $292,000 after buying an additional 190 shares in the last quarter. Finally, Revisor Wealth Management LLC bought a new position in CorVel during the third quarter valued at about $366,000. 51.36% of the stock is owned by institutional investors and hedge funds.

CorVel Stock Down 0.6 %

Shares of CRVL stock opened at $238.12 on Friday. The stock has a 50-day simple moving average of $244.52 and a 200 day simple moving average of $230.07. CorVel Co. has a fifty-two week low of $187.92 and a fifty-two week high of $265.14. The stock has a market capitalization of $4.07 billion, a P/E ratio of 55.12 and a beta of 1.07.

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

Insider Buying and Selling

In related news, VP Jennifer Yoss sold 1,500 shares of CorVel stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $239.41, for a total value of $359,115.00. Following the transaction, the vice president now owns 512 shares of the company’s stock, valued at approximately $122,577.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CorVel news, VP Jennifer Yoss sold 1,500 shares of CorVel stock in a transaction dated Thursday, February 1st. The stock was 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 of the company’s stock, valued at approximately $122,577.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Hamerslag sold 2,000 shares of CorVel stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $239.95, for a total value of $479,900.00. Following the transaction, the director now directly owns 114,389 shares in the company, valued at approximately $27,447,640.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,043 shares of company stock valued at $3,960,007. 48.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CorVel from a “hold” rating to a “buy” rating in a research note on Thursday.

CorVel Company 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.