Verition Fund Management LLC Purchases New Shares in CorVel Co. (NASDAQ:CRVL)

Verition Fund Management LLC purchased a new position in CorVel Co. (NASDAQ:CRVL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 653 shares of the business services provider’s stock, valued at approximately $213,000.

Other institutional investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC boosted its holdings in shares of 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 buying an additional 34 shares in the last quarter. Arizona State Retirement System boosted its stake in CorVel by 1.8% during the second 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 acquiring an additional 46 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in CorVel by 5.4% in the third quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider’s stock worth $293,000 after purchasing an additional 46 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of CorVel by 61.9% during the third quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, EVP Mark E. Bertels sold 350 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $357.35, for a total transaction of $125,072.50. Following the sale, the executive vice president now owns 860 shares in the company, valued at $307,321. This represents a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 47.57% of the stock is currently owned by company insiders.

CorVel Trading Down 0.8 %

NASDAQ CRVL opened at $352.00 on Monday. CorVel Co. has a 12 month low of $223.89 and a 12 month high of $381.73. The stock’s fifty day moving average price is $336.33 and its 200-day moving average price is $304.35. The stock has a market cap of $6.03 billion, a P/E ratio of 74.73 and a beta of 1.14.

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.