CorVel (NASDAQ:CRVL) Stock Rating Upgraded by StockNews.com

CorVel (NASDAQ:CRVL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

CorVel Trading Down 1.1 %

NASDAQ CRVL opened at $113.74 on Thursday. CorVel has a 1-year low of $74.63 and a 1-year high of $127.24. The firm’s fifty day simple moving average is $123.41 and its 200-day simple moving average is $106.84. The company has a market capitalization of $1.95 billion, a PE ratio of 24.15 and a beta of 1.14.

Insider Transactions at CorVel

In other news, EVP Mark E. Bertels sold 1,050 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $119.12, for a total transaction of $125,072.50. Following the transaction, the executive vice president now owns 2,580 shares in the company, valued at approximately $307,321. This trade represents a 28.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 47.57% of the company’s stock.

Institutional Investors Weigh In On CorVel

Institutional investors and hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of CorVel by 1.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider’s stock worth $489,631,000 after buying an additional 21,673 shares during the last quarter. State Street Corp lifted its holdings in CorVel by 0.8% in the 3rd quarter. State Street Corp now owns 360,068 shares of the business services provider’s stock worth $117,703,000 after purchasing an additional 2,959 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CorVel by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 253,870 shares of the business services provider’s stock worth $83,000,000 after purchasing an additional 9,571 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in CorVel by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 86,236 shares of the business services provider’s stock worth $28,190,000 after purchasing an additional 6,061 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in CorVel by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock valued at $18,719,000 after purchasing an additional 1,479 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.