CorVel Corp. $CRVL Shares Bought by XTX Topco Ltd

XTX Topco Ltd increased its stake in shares of CorVel Corp. (NASDAQ:CRVL) by 128.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,239 shares of the business services provider’s stock after purchasing an additional 5,187 shares during the quarter. XTX Topco Ltd’s holdings in CorVel were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hantz Financial Services Inc. purchased a new stake in shares of CorVel during the 2nd quarter valued at about $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in CorVel in the 2nd quarter worth about $37,000. Blue Trust Inc. lifted its holdings in CorVel by 235.4% in the second quarter. Blue Trust Inc. now owns 550 shares of the business services provider’s stock worth $57,000 after purchasing an additional 386 shares during the period. Ethic Inc. acquired a new position in shares of CorVel during the 2nd quarter valued at $200,000. Finally, AlphaQuest LLC boosted its stake in shares of CorVel by 197,700.0% during the 2nd quarter. AlphaQuest LLC now owns 1,978 shares of the business services provider’s stock worth $203,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Analysts Set New Price Targets

CRVL has been the topic of several recent research reports. Wall Street Zen lowered shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CorVel in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

CorVel Stock Performance

Shares of NASDAQ:CRVL opened at $73.08 on Monday. The company has a fifty day moving average of $74.57 and a 200-day moving average of $89.04. The company has a market capitalization of $3.74 billion, a PE ratio of 37.67 and a beta of 0.98. CorVel Corp. has a 52-week low of $70.47 and a 52-week high of $128.61.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $239.64 million for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.

Insider Buying and Selling

In other news, EVP Mark E. Bertels sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $72.35, for a total value of $86,820.00. Following the sale, the executive vice president owned 2,594 shares of the company’s stock, valued at $187,675.90. The trade was a 31.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brandon O’brien sold 1,764 shares of CorVel stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $91.54, for a total value of $161,476.56. Following the sale, the chief financial officer owned 8,948 shares of the company’s stock, valued at approximately $819,099.92. This trade represents a 16.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,497 shares of company stock worth $1,056,162. Insiders own 44.56% of the company’s stock.

About CorVel

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.