Corstar Holdings Inc Sells 10,649 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVLGet Free Report) major shareholder Corstar Holdings Inc sold 10,649 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $261.36, for a total transaction of $2,783,222.64. Following the sale, the insider now owns 6,333,387 shares in the company, valued at approximately $1,655,294,026.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

CorVel Stock Performance

NASDAQ:CRVL traded up $5.13 during trading hours on Wednesday, hitting $255.50. 18,552 shares of the company’s stock traded hands, compared to its average volume of 36,134. The stock’s fifty day moving average price is $252.93 and its two-hundred day moving average price is $245.62. The firm has a market cap of $4.38 billion, a P/E ratio of 56.90 and a beta of 1.08. CorVel Co. has a twelve month low of $187.92 and a twelve month high of $281.41.

CorVel (NASDAQ:CRVLGet Free Report) last issued its earnings results on Wednesday, May 22nd. The business services provider reported $1.12 earnings per share for the quarter. The company had revenue of $207.23 million for the quarter. CorVel had a return on equity of 33.49% and a net margin of 9.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of CorVel from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th.

Get Our Latest Analysis on CorVel

Institutional Investors Weigh In On CorVel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in shares of CorVel in the fourth quarter worth $887,000. Raymond James Financial Services Advisors Inc. grew its stake in CorVel by 77.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,876 shares of the business services provider’s stock valued at $2,689,000 after purchasing an additional 4,764 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in CorVel in the 4th quarter worth about $459,000. Charles Schwab Investment Management Inc. raised its stake in shares of CorVel by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,569 shares of the business services provider’s stock worth $18,187,000 after purchasing an additional 2,252 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of CorVel by 17.1% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About CorVel

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

Receive News & Ratings for CorVel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorVel and related companies with MarketBeat.com's FREE daily email newsletter.