CorVel Co. (NASDAQ:CRVL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in CorVel Co. (NASDAQ:CRVL) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,144 shares of the business services provider’s stock after selling 761 shares during the period. Victory Capital Management Inc.’s holdings in CorVel were worth $14,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings in CorVel by 997.8% in the first quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock valued at $12,351,000 after buying an additional 42,696 shares during the last quarter. Assenagon Asset Management S.A. boosted its position 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of CorVel by 1.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider’s stock valued at $489,631,000 after acquiring an additional 21,673 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of CorVel during the 2nd quarter worth about $1,937,000. Finally, Marshall Wace LLP purchased a new stake in CorVel during the second quarter worth approximately $1,272,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

CorVel Price Performance

NASDAQ CRVL opened at $358.32 on Wednesday. The firm’s fifty day moving average price is $319.85 and its 200 day moving average price is $291.58. CorVel Co. has a 12 month low of $203.90 and a 12 month high of $367.84. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 75.58 and a beta of 1.10.

Insiders Place Their Bets

In other news, Director R Judd Jessup sold 2,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $12,706,113.20. The trade was a 5.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research note 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.