CorVel (NASDAQ:CRVL) Upgraded at StockNews.com

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

CorVel Stock Down 0.7 %

NASDAQ:CRVL traded down $0.86 during mid-day trading on Thursday, hitting $114.96. 85,747 shares of the stock traded hands, compared to its average volume of 113,078. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 24.41 and a beta of 1.14. The firm’s 50 day moving average is $123.04 and its two-hundred day moving average is $106.53. CorVel has a 52 week low of $74.63 and a 52 week high of $127.24.

Insider Transactions at CorVel

In other CorVel news, EVP Mark E. Bertels sold 1,050 shares of the stock in a transaction dated 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 directly owns 2,580 shares in the company, valued at $307,321. This represents a 28.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 47.57% of the company’s stock.

Institutional Investors Weigh In On CorVel

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of CorVel by 193.1% in the 3rd quarter. FMR LLC now owns 4,306 shares of the business services provider’s stock valued at $1,408,000 after purchasing an additional 2,837 shares during the last quarter. State Street Corp grew its position in CorVel by 0.8% during 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 period. Quest Partners LLC grew its holdings in CorVel by 184,200.0% during the second quarter. Quest Partners LLC now owns 1,843 shares of the business services provider’s stock worth $469,000 after acquiring an additional 1,842 shares during the period. Verition Fund Management LLC purchased a new position in shares of CorVel during the 3rd quarter valued at approximately $213,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in CorVel by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 86,236 shares of the business services provider’s stock valued at $28,190,000 after buying an additional 6,061 shares in the last quarter. Institutional investors 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.