CorVel Corp. $CRVL Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC decreased its holdings in CorVel Corp. (NASDAQ:CRVL) by 82.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,232 shares of the business services provider’s stock after selling 33,468 shares during the period. Curated Wealth Partners LLC’s holdings in CorVel were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of CorVel by 9.3% during the third quarter. GAMMA Investing LLC now owns 2,556 shares of the business services provider’s stock valued at $191,000 after buying an additional 218 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of CorVel by 386.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,064 shares of the business services provider’s stock worth $154,000 after buying an additional 1,640 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of CorVel by 0.7% in the 2nd quarter. WINTON GROUP Ltd now owns 22,772 shares of the business services provider’s stock worth $1,424,000 after buying an additional 165 shares during the last quarter. IFP Advisors Inc grew its position in shares of CorVel by 68.3% in the 2nd quarter. IFP Advisors Inc now owns 973 shares of the business services provider’s stock worth $61,000 after buying an additional 395 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of CorVel by 91.7% during the 2nd quarter. Allworth Financial LP now owns 2,220 shares of the business services provider’s stock worth $139,000 after acquiring an additional 1,062 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of CorVel from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, CorVel presently has an average rating of “Hold”.

Insider Buying and Selling at CorVel

In other CorVel news, Director R. Jessup sold 4,023 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $70.07, for a total value of $281,891.61. Following the sale, the director directly owned 111,798 shares of the company’s stock, valued at approximately $7,833,685.86. This represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer Yoss sold 2,100 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $70.92, for a total transaction of $148,932.00. Following the completion of the sale, the vice president directly owned 2,173 shares in the company, valued at approximately $154,109.16. The trade was a 49.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,947 shares of company stock valued at $630,420. 39.72% of the stock is currently owned by corporate insiders.

CorVel Stock Down 0.7%

Shares of NASDAQ CRVL opened at $79.69 on Friday. CorVel Corp. has a 52 week low of $44.83 and a 52 week high of $83.37. The business’s 50 day moving average price is $71.44 and its 200 day moving average price is $63.54. The firm has a market cap of $4.06 billion, a P/E ratio of 35.68 and a beta of 1.05.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.63 earnings per share (EPS) for the quarter. CorVel had a net margin of 11.72% and a return on equity of 29.92%. The company had revenue of $259.93 million during the quarter.

CorVel Company Profile

CorVel Corporation is a provider of technology-enabled risk management and healthcare administration services. The company helps employers, insurance carriers, third-party administrators and government entities manage workers’ compensation, auto and liability claims, with an emphasis on controlling costs, coordinating care and improving claim outcomes.

Its services include claims administration, medical bill review, utilization review, case management, pharmacy benefit management, provider-network services and managed-care solutions.