Premier Fund Managers Ltd Makes New Investment in CorVel Co. (NASDAQ:CRVL)

Premier Fund Managers Ltd bought a new stake in CorVel Co. (NASDAQ:CRVL) during the third quarter, Holdings Channel reports. The institutional investor bought 2,866 shares of the business services provider’s stock, valued at approximately $918,000.

Several other hedge funds also recently modified their holdings of the stock. SkyView Investment Advisors LLC lifted its stake in CorVel by 0.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 4,284 shares of the business services provider’s stock valued at $1,089,000 after acquiring an additional 34 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CorVel by 2.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider’s stock worth $545,000 after purchasing an additional 46 shares during the last quarter. Arizona State Retirement System grew its position in CorVel by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 2,632 shares of the business services provider’s stock worth $669,000 after purchasing an additional 46 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake 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 buying an additional 46 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CorVel by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Analyst Ratings Changes

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

CorVel Price Performance

Shares of CorVel stock opened at $358.32 on Wednesday. The stock has a fifty day moving average price of $319.85 and a 200-day moving average price of $291.58. The firm has a market cap of $6.14 billion, a PE ratio of 76.08 and a beta of 1.10. CorVel Co. has a 1 year low of $203.90 and a 1 year high of $367.84.

Insider Buying and Selling

In other CorVel news, Director R Judd Jessup sold 2,500 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $311.60, for a total value of $779,000.00. Following the sale, the director now directly owns 40,777 shares in the company, valued at $12,706,113.20. The trade was a 5.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 47.57% of the stock is currently owned by corporate insiders.

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.