CorVel Co. (NASDAQ:CRVL) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its position in shares of CorVel Co. (NASDAQ:CRVL) by 68.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,662 shares of the business services provider’s stock after purchasing an additional 4,742 shares during the quarter. Citigroup Inc. owned 0.07% of CorVel worth $3,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake 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 purchasing an additional 48 shares during the period. Blue Trust Inc. grew its stake 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. Advisors Asset Management Inc. grew its stake in CorVel by 121.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 112 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in CorVel in the 3rd quarter valued at $102,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in CorVel by 130.9% in the 2nd 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 period. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Stock Performance

CorVel stock opened at $356.11 on Wednesday. The company’s fifty day moving average price is $330.69 and its 200 day moving average price is $299.58. CorVel Co. has a 1 year low of $212.70 and a 1 year high of $381.73. The stock has a market capitalization of $6.10 billion, a P/E ratio of 75.61 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of CorVel from a “buy” rating to a “hold” rating in a research note 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.