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

Premier Fund Managers Ltd purchased a new stake in CorVel Co. (NASDAQ:CRVL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,866 shares of the business services provider’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its position 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 acquiring an additional 74 shares during the period. GAMMA Investing LLC raised its stake in CorVel by 98.0% during the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in CorVel in the third quarter valued at $102,000. Benjamin F. Edwards & Company Inc. boosted its position in CorVel by 130.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 411 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 233 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in CorVel during the 3rd quarter worth about $208,000. Institutional investors own 51.36% of the company’s stock.

Insider Activity

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 completion of the sale, the director now owns 40,777 shares of the company’s stock, valued at approximately $12,706,113.20. This trade represents a 5.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

CorVel Stock Performance

CRVL stock opened at $358.32 on Wednesday. The stock’s 50 day simple moving average is $319.85 and its 200 day simple moving average is $291.58. The company has a market cap of $6.14 billion, a P/E ratio of 76.08 and a beta of 1.10. CorVel Co. has a fifty-two week low of $203.90 and a fifty-two week high of $367.84.

CorVel Company 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.