CorVel (NASDAQ:CRVL) Upgraded at Wall Street Zen

CorVel (NASDAQ:CRVL) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

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 equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

CorVel Trading Down 0.9%

NASDAQ CRVL opened at $85.69 on Friday. CorVel has a 12 month low of $44.83 and a 12 month high of $89.76. The stock’s fifty day moving average price is $77.63 and its 200-day moving average price is $63.34. The stock has a market cap of $4.31 billion, a P/E ratio of 36.00 and a beta of 1.07.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $267.13 million for the quarter. CorVel had a net margin of 12.02% and a return on equity of 30.20%.

Insider Buying and Selling at CorVel

In other CorVel news, Director R. Jessup sold 4,023 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $70.07, for a total transaction of $281,891.61. Following the completion of the sale, the director directly owned 111,798 shares in the company, valued at approximately $7,833,685.86. The trade was a 3.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $148,932.00. Following the sale, the vice president owned 2,173 shares of the company’s stock, valued at approximately $154,109.16. This trade represents a 49.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,947 shares of company stock worth $1,554,860. Insiders own 39.72% of the company’s stock.

Institutional Trading of CorVel

Several large investors have recently added to or reduced their stakes in CRVL. Root Financial Partners LLC purchased a new stake in shares of CorVel in the 3rd quarter worth $25,000. Fulcrum Asset Management LLP lifted its position in shares of CorVel by 3,314.3% during the 3rd quarter. Fulcrum Asset Management LLP now owns 478 shares of the business services provider’s stock valued at $36,000 after buying an additional 464 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of CorVel by 59.7% during the 2nd quarter. Versant Capital Management Inc now owns 907 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 339 shares during the period. IFP Advisors Inc grew its stake in shares of CorVel by 68.3% during the 2nd quarter. IFP Advisors Inc now owns 973 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 395 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in CorVel by 846.2% in the 3rd quarter. Sterling Capital Management LLC now owns 984 shares of the business services provider’s stock worth $73,000 after acquiring an additional 880 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors.

CorVel Company Profile

CorVel Corporation provides workers’ compensation and healthcare cost-management services to employers, insurers, and public entities. Its offerings are designed to help clients manage claims, coordinate care, and control healthcare-related costs. The company’s services include claims administration, medical bill review, provider network access, utilization review, case management, and pharmacy benefit management. CorVel also supports disability and liability claims management. Founded in 1987, CorVel serves customers across the United States through a combination of technology platforms and service teams.