Mutual of America Capital Management LLC Sells 124 Shares of CorVel Co. (NASDAQ:CRVL)

Mutual of America Capital Management LLC cut its stake in CorVel Co. (NASDAQ:CRVL) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,366 shares of the business services provider’s stock after selling 124 shares during the period. Mutual of America Capital Management LLC’s holdings in CorVel were worth $447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of CorVel by 98.0% in the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Blue Trust Inc. lifted its holdings in CorVel by 435.3% in the third quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after buying an additional 74 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in CorVel during the third quarter valued at $102,000. Benjamin F. Edwards & Company Inc. grew its holdings in CorVel by 130.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 411 shares of the business services provider’s stock worth $105,000 after acquiring an additional 233 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in shares of CorVel in the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Stock Down 2.5 %

Shares of CRVL stock opened at $361.39 on Thursday. The firm has a 50 day moving average of $327.21 and a 200-day moving average of $296.71. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 76.73 and a beta of 1.10. CorVel Co. has a 52 week low of $203.90 and a 52 week high of $381.73.

Wall Street Analyst Weigh In

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

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.