SkyView Investment Advisors LLC Acquires 34 Shares of CorVel Co. (NASDAQ:CRVL)

SkyView Investment Advisors LLC lifted its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,284 shares of the business services provider’s stock after purchasing an additional 34 shares during the quarter. SkyView Investment Advisors LLC’s holdings in CorVel were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CRVL. GAMMA Investing LLC increased its stake in 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 acquiring an additional 48 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in CorVel by 474.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 147 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in CorVel during the second quarter worth about $233,000. O Shaughnessy Asset Management LLC lifted its position in CorVel by 20.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $274,000 after purchasing an additional 177 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in CorVel during the second quarter worth about $318,000. 51.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other CorVel news, VP Jennifer Yoss sold 1,214 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $300.88, for a total transaction of $365,268.32. Following the sale, the vice president now owns 680 shares of the company’s stock, valued at $204,598.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CorVel news, Director R Judd Jessup sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $311.60, for a total transaction of $779,000.00. Following the sale, the director now directly owns 40,777 shares of the company’s stock, valued at approximately $12,706,113.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Yoss sold 1,214 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $300.88, for a total transaction of $365,268.32. Following the transaction, the vice president now directly owns 680 shares of the company’s stock, valued at approximately $204,598.40. The disclosure for this sale can be found here. Insiders sold a total of 72,431 shares of company stock worth $19,961,847 in the last three months. 47.57% of the stock is owned by corporate insiders.

CorVel Price Performance

NASDAQ CRVL opened at $320.37 on Friday. CorVel Co. has a fifty-two week low of $187.92 and a fifty-two week high of $329.23. The stock has a market capitalization of $5.50 billion, a PE ratio of 72.81 and a beta of 1.08. The business has a fifty day moving average price of $309.31 and a two-hundred day moving average price of $271.55.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, July 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. The firm had revenue of $211.72 million for the quarter. CorVel had a return on equity of 32.25% and a net margin of 9.55%.

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.