CorVel Co. (NASDAQ:CRVL) VP Jennifer Yoss Sells 1,214 Shares

CorVel Co. (NASDAQ:CRVL) VP Jennifer Yoss sold 1,214 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $300.88, for a total transaction of $365,268.32. Following the sale, the vice president now directly owns 680 shares of the company’s stock, valued at approximately $204,598.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CorVel Stock Performance

Shares of CorVel stock traded down $10.82 on Monday, hitting $290.39. 34,127 shares of the company’s stock were exchanged, compared to its average volume of 37,868. The company has a 50-day simple moving average of $263.01 and a 200-day simple moving average of $252.06. The stock has a market capitalization of $4.98 billion, a PE ratio of 68.46 and a beta of 1.08. CorVel Co. has a 1 year low of $187.92 and a 1 year high of $321.46.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, July 30th. The business services provider reported $1.25 earnings per share for the quarter. CorVel had a net margin of 9.55% and a return on equity of 33.26%. The company had revenue of $211.72 million for the quarter.

Institutional Trading of CorVel

A number of large investors have recently made changes to their positions in the business. Arizona State Retirement System increased its holdings in shares of CorVel by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 2,632 shares of the business services provider’s stock worth $669,000 after buying an additional 46 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of CorVel by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 28,023 shares of the business services provider’s stock worth $7,125,000 after buying an additional 307 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of CorVel in the 2nd quarter worth about $318,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CorVel by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider’s stock worth $545,000 after purchasing an additional 46 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of CorVel by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock worth $18,719,000 after purchasing an additional 1,479 shares during the period. 51.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of CorVel from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.