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

Victory Capital Management Inc. trimmed its position in CorVel Co. (NASDAQ:CRVL) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,144 shares of the business services provider’s stock after selling 761 shares during the quarter. Victory Capital Management Inc. owned about 0.25% of CorVel worth $14,103,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of CorVel by 435.3% in the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 74 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of CorVel in the 3rd quarter valued at $102,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CorVel by 130.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 411 shares of the business services provider’s stock worth $105,000 after purchasing an additional 233 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of CorVel during the 3rd quarter worth about $208,000. Hedge funds and other institutional investors own 51.36% 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.

Insider Activity

In other news, Director R Judd Jessup sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $311.60, for a total value of $779,000.00. Following the completion of the transaction, the director now owns 40,777 shares of the company’s stock, valued at approximately $12,706,113.20. This trade represents a 5.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 47.57% of the company’s stock.

CorVel Stock Performance

NASDAQ:CRVL opened at $358.32 on Wednesday. CorVel Co. has a fifty-two week low of $203.90 and a fifty-two week high of $367.84. The company has a 50 day moving average price of $319.85 and a 200 day moving average price of $291.58. The stock has a market capitalization of $6.14 billion, a P/E ratio of 75.58 and a beta of 1.10.

CorVel 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.