CorVel Co. (NASDAQ:CRVL – Get Rating) CFO Brandon O’brien sold 1,204 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $134.01, for a total transaction of $161,348.04. Following the sale, the chief financial officer now owns 2,664 shares in the company, valued at $357,002.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CRVL traded down $3.38 on Thursday, reaching $131.96. The company’s stock had a trading volume of 49,718 shares, compared to its average volume of 42,871. The stock has a 50 day moving average of $156.02 and a two-hundred day moving average of $170.28. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 36.00 and a beta of 0.98. CorVel Co. has a fifty-two week low of $119.29 and a fifty-two week high of $213.38.

CorVel (NASDAQ:CRVL – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter. The firm had revenue of $171.36 million during the quarter. CorVel had a return on equity of 30.16% and a net margin of 10.28%.

Separately, StockNews.com initiated coverage on shares of CorVel in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in CorVel by 58.7% in the fourth quarter. Barclays PLC now owns 11,572 shares of the business services provider’s stock valued at $2,408,000 after purchasing an additional 4,282 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of CorVel by 35.1% in the fourth quarter. Citigroup Inc. now owns 8,715 shares of the business services provider’s stock valued at $1,813,000 after acquiring an additional 2,263 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of CorVel in the third quarter valued at approximately $326,000. Hsbc Holdings PLC acquired a new stake in shares of CorVel in the third quarter valued at approximately $239,000. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of CorVel by 2.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,717 shares of the business services provider’s stock valued at $773,000 after acquiring an additional 106 shares during the period. 51.06% of the stock is owned by hedge funds and other institutional investors.

CorVel Company Profile (Get Rating)

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.

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