Premier Fund Managers Ltd Has $708,000 Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Premier Fund Managers Ltd raised its holdings in CorVel Co. (NASDAQ:CRVL) by 120.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,306 shares of the business services provider’s stock after purchasing an additional 3,440 shares during the quarter. Premier Fund Managers Ltd’s holdings in CorVel were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CRVL. SkyView Investment Advisors LLC grew its holdings in CorVel by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock worth $1,422,000 after acquiring an additional 67 shares during the last quarter. Fifth Third Bancorp increased its holdings in CorVel by 45.9% in the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Advisors Asset Management Inc. lifted its holdings in CorVel by 121.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock worth $67,000 after buying an additional 112 shares during the period. Sanctuary Advisors LLC grew its position in shares of CorVel by 4.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,848 shares of the business services provider’s stock valued at $931,000 after buying an additional 124 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of CorVel by 9.9% during the third quarter. Franklin Resources Inc. now owns 1,917 shares of the business services provider’s stock worth $614,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

Insider Buying and Selling at CorVel

In other news, CFO Brandon O’brien sold 1,523 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 17,142 shares of the company’s stock, valued at $2,049,497.52. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Hamerslag sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the completion of the transaction, the director now directly owns 314,000 shares in the company, valued at $38,772,720. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,200 shares of company stock valued at $3,824,115. Corporate insiders own 47.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a report on Thursday, March 13th.

CorVel Trading Up 0.4 %

Shares of CRVL opened at $111.95 on Friday. The firm’s fifty day simple moving average is $112.20 and its two-hundred day simple moving average is $114.34. CorVel Co. has a 12 month low of $76.20 and a 12 month high of $128.61. The stock has a market capitalization of $5.75 billion, a P/E ratio of 65.85 and a beta of 1.06.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

CorVel 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.