Quest Partners LLC Raises Stock Position in CorVel Co. (NASDAQ:CRVL)

Quest Partners LLC boosted its position in shares of CorVel Co. (NASDAQ:CRVL) by 95.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,596 shares of the business services provider’s stock after purchasing an additional 1,753 shares during the period. Quest Partners LLC’s holdings in CorVel were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CRVL. SkyView Investment Advisors LLC lifted its holdings in shares of CorVel by 0.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 4,284 shares of the business services provider’s stock worth $1,089,000 after acquiring an additional 34 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CorVel by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider’s stock worth $545,000 after acquiring an additional 46 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of 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 acquiring an additional 46 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of 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 worth $293,000 after acquiring an additional 46 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of CorVel by 98.0% in the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

CorVel Stock Up 0.7 %

Shares of NASDAQ CRVL opened at $358.32 on Wednesday. CorVel Co. has a 52 week low of $203.90 and a 52 week high of $367.84. The firm’s fifty day moving average is $319.85 and its 200 day moving average is $291.58. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 76.08 and a beta of 1.10.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director R Judd Jessup sold 2,500 shares of CorVel stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $311.60, for a total value of $779,000.00. Following the transaction, the director now directly owns 40,777 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. 47.57% of the stock is owned by 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.