SG Americas Securities LLC Sells 1,981 Shares of CorVel Co. (NASDAQ:CRVL)

SG Americas Securities LLC cut its holdings in CorVel Co. (NASDAQ:CRVL) by 84.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360 shares of the business services provider’s stock after selling 1,981 shares during the quarter. SG Americas Securities LLC’s holdings in CorVel were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of CorVel by 1.1% during the 2nd 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 acquiring an additional 21,673 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of CorVel by 41.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock worth $29,464,000 after acquiring an additional 34,155 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of CorVel by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock worth $18,719,000 after acquiring an additional 1,479 shares during the period. Janus Henderson Group PLC grew its holdings in shares of CorVel by 997.8% during the 1st quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock worth $12,351,000 after acquiring an additional 42,696 shares during the period. Finally, Algert Global LLC grew its holdings in shares of CorVel by 5.8% during the 2nd quarter. Algert Global LLC now owns 32,455 shares of the business services provider’s stock worth $8,252,000 after acquiring an additional 1,765 shares during the period. 51.36% of the stock is owned by institutional investors.

Insider Activity

In other news, Director R Judd Jessup sold 2,500 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $311.60, for a total transaction of $779,000.00. Following the transaction, the director now directly owns 40,777 shares of the company’s stock, valued at $12,706,113.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director R Judd Jessup sold 2,500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $311.60, for a total value of $779,000.00. Following the completion of the sale, the director now directly owns 40,777 shares in the company, valued at $12,706,113.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark E. Bertels sold 300 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $299.80, for a total value of $89,940.00. Following the completion of the sale, the executive vice president now owns 858 shares of the company’s stock, valued at $257,228.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,893 shares of company stock valued at $6,003,958 in the last ninety days. 47.57% of the stock is currently owned by company insiders.

CorVel Stock Down 0.0 %

Shares of CRVL opened at $304.01 on Friday. The business’s 50 day moving average price is $313.50 and its 200-day moving average price is $280.26. CorVel Co. has a 52 week low of $187.92 and a 52 week high of $329.23. The stock has a market cap of $5.21 billion, a P/E ratio of 67.41 and a beta of 1.08.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. The business had revenue of $211.72 million for the quarter. CorVel had a return on equity of 32.25% and a net margin of 9.55%.

Analyst Upgrades and Downgrades

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

About CorVel

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.