Atria Investments Inc Has $1.38 Million Holdings in CorVel Co. (NASDAQ:CRVL)

Atria Investments Inc increased its stake in shares of CorVel Co. (NASDAQ:CRVL) by 8.6% during the third quarter, HoldingsChannel.com reports. The fund owned 4,234 shares of the business services provider’s stock after purchasing an additional 335 shares during the period. Atria Investments Inc’s holdings in CorVel were worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRVL. Janus Henderson Group PLC lifted its position in shares of CorVel by 997.8% during the 1st quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock worth $12,351,000 after purchasing an additional 42,696 shares during the last quarter. Sei Investments Co. boosted its position in shares of CorVel by 65.8% in the first quarter. Sei Investments Co. now owns 21,003 shares of the business services provider’s stock valued at $5,523,000 after acquiring an additional 8,338 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of CorVel by 41.8% in the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock worth $29,464,000 after acquiring an additional 34,155 shares during the last quarter. Quest Partners LLC increased its position in CorVel by 184,200.0% during the second quarter. Quest Partners LLC now owns 1,843 shares of the business services provider’s stock worth $469,000 after acquiring an additional 1,842 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in CorVel by 15.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 9,137 shares of the business services provider’s stock valued at $2,323,000 after purchasing an additional 1,208 shares during the last quarter. 51.36% of the stock is owned by institutional investors.

CorVel Stock Down 0.6 %

CRVL stock opened at $344.74 on Friday. CorVel Co. has a twelve month low of $203.90 and a twelve month high of $367.84. The company has a market cap of $5.90 billion, a PE ratio of 73.19 and a beta of 1.10. The business’s 50-day simple moving average is $318.73 and its 200 day simple moving average is $290.07.

Insiders Place Their Bets

In related news, CFO Brandon O’brien sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $314.98, for a total value of $314,980.00. Following the sale, the chief financial officer now owns 6,502 shares of the company’s stock, valued at $2,047,999.96. The trade was a 13.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director R Judd Jessup sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $311.60, for a total transaction of $779,000.00. Following the transaction, the director now owns 40,777 shares of the company’s stock, valued at approximately $12,706,113.20. This represents a 5.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

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.