CorVel (NASDAQ:CRVL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of CorVel (NASDAQ:CRVL) from a hold rating to a buy rating in a report released on Monday morning.

CorVel Stock Performance

Shares of CRVL stock opened at $117.39 on Monday. CorVel has a 52-week low of $76.20 and a 52-week high of $128.61. The stock has a market cap of $5.99 billion, a PE ratio of 69.05 and a beta of 1.16. The firm’s 50 day moving average price is $123.76 and its two-hundred day moving average price is $112.68.

CorVel (NASDAQ:CRVL) 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%.

Insider Buying and Selling at CorVel

In related news, EVP Mark E. Bertels sold 1,050 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $119.12, for a total value of $125,072.50. Following the sale, the executive vice president now directly owns 2,580 shares of the company’s stock, valued at approximately $307,321. The trade was a 28.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Hamerslag sold 10,000 shares of the business’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 sale, the director now directly owns 314,000 shares in the company, valued at $38,772,720. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 47.57% of the company’s stock.

Institutional Investors Weigh In On CorVel

Several institutional investors have recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. lifted its position in CorVel by 5.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 46 shares in the last quarter. GAMMA Investing LLC lifted its position in CorVel by 61.9% in the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 60 shares in the last quarter. Ellsworth Advisors LLC lifted its position in CorVel by 2.7% in the 3rd quarter. Ellsworth Advisors LLC now owns 2,340 shares of the business services provider’s stock valued at $765,000 after acquiring an additional 61 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in CorVel by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock valued at $1,422,000 after acquiring an additional 67 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in CorVel by 435.3% in the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after buying an additional 74 shares during the last quarter. 51.36% of the stock is owned by institutional investors.

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.