New York State Common Retirement Fund Sells 1,784 Shares of CorVel Co. (NASDAQ:CRVL)

New York State Common Retirement Fund lowered its position in CorVel Co. (NASDAQ:CRVL) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,388 shares of the business services provider’s stock after selling 1,784 shares during the period. New York State Common Retirement Fund’s holdings in CorVel were worth $1,190,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. KB Financial Partners LLC purchased a new stake in shares of CorVel in the second quarter worth approximately $202,000. Invesco Ltd. boosted its stake in CorVel by 145.9% during the second quarter. Invesco Ltd. now owns 136,175 shares of the business services provider’s stock valued at $18,288,000 after buying an additional 80,789 shares during the period. Hillsdale Investment Management Inc. bought a new stake in CorVel during the third quarter valued at $605,000. Busey Wealth Management purchased a new position in shares of CorVel in the third quarter worth about $363,000. Finally, Bridgewater Associates LP purchased a new position in shares of CorVel in the second quarter worth about $2,457,000. 50.31% of the stock is owned by hedge funds and other institutional investors.

In other news, Director R Judd Jessup sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $196.08, for a total transaction of $196,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman V Gordon Clemons sold 2,000 shares of the business’s stock in a transaction dated Monday, October 18th. The shares were sold at an average price of $172.94, for a total transaction of $345,880.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,811 shares of company stock worth $5,719,859. Corporate insiders own 49.76% of the company’s stock.

Shares of CRVL opened at $192.92 on Friday. The firm has a market cap of $3.42 billion, a PE ratio of 59.49 and a beta of 0.86. CorVel Co. has a 1-year low of $97.39 and a 1-year high of $213.38. The firm has a fifty day simple moving average of $196.37 and a two-hundred day simple moving average of $171.63.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, November 2nd. The business services provider reported $0.88 EPS for the quarter. CorVel had a net margin of 9.89% and a return on equity of 26.76%. The business had revenue of $157.74 million during the quarter.

About CorVel

CorVel Corp. engages in the provision of workers’ compensation solutions for employers, third party administrators, insurance companies, and government agencies. It operates the Managed Care segment. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Irvine, CA.

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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