Martingale Asset Management L P Sells 201 Shares of CorVel Co. (NASDAQ:CRVL)

Martingale Asset Management L P lessened its stake in shares of CorVel Co. (NASDAQ:CRVL) by 2.2% during the third quarter, HoldingsChannel.com reports. The fund owned 8,945 shares of the business services provider’s stock after selling 201 shares during the quarter. Martingale Asset Management L P’s holdings in CorVel were worth $2,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CRVL. GAMMA Investing LLC lifted its position in CorVel by 98.0% during the second 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 period. Blue Trust Inc. raised its stake in CorVel by 435.3% during the 3rd 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 last quarter. Advisors Asset Management Inc. raised its stake in CorVel by 121.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock valued at $67,000 after buying an additional 112 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of CorVel during the 3rd quarter valued at $102,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of CorVel by 130.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 411 shares of the business services provider’s stock worth $105,000 after buying an additional 233 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

CorVel Stock Up 1.1 %

NASDAQ CRVL opened at $365.40 on Friday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 77.58 and a beta of 1.10. The company has a 50-day moving average price of $329.07 and a 200-day moving average price of $298.13. CorVel Co. has a 52 week low of $207.65 and a 52 week high of $381.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.