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Corstar Holdings Inc Sells 14,130 Shares of CorVel Co. (NASDAQ:CRVL) Stock

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CorVel Co. (NASDAQ:CRVLGet Rating) major shareholder Corstar Holdings Inc sold 14,130 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $162.24, for a total value of $2,292,451.20. Following the completion of the sale, the insider now owns 6,423,218 shares of the company’s stock, valued at $1,042,102,888.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Tuesday, July 26th, Corstar Holdings Inc sold 8,839 shares of CorVel stock. The stock was sold at an average price of $158.57, for a total value of $1,401,600.23.
  • On Thursday, July 21st, Corstar Holdings Inc sold 13,908 shares of CorVel stock. The stock was sold at an average price of $156.08, for a total value of $2,170,760.64.
  • On Tuesday, July 19th, Corstar Holdings Inc sold 4,665 shares of CorVel stock. The stock was sold at an average price of $154.00, for a total value of $718,410.00.
  • On Friday, July 8th, Corstar Holdings Inc sold 335 shares of CorVel stock. The stock was sold at an average price of $154.00, for a total value of $51,590.00.
  • On Tuesday, July 5th, Corstar Holdings Inc sold 5,581 shares of CorVel stock. The stock was sold at an average price of $152.00, for a total value of $848,312.00.
  • On Thursday, June 30th, Corstar Holdings Inc sold 40 shares of CorVel stock. The stock was sold at an average price of $150.00, for a total value of $6,000.00.

CorVel Stock Up 0.6 %

Shares of CRVL stock opened at $164.89 on Friday. CorVel Co. has a 12 month low of $129.19 and a 12 month high of $213.38. The firm has a market cap of $2.89 billion, a PE ratio of 45.18 and a beta of 0.94. The stock has a 50 day moving average of $147.83 and a 200-day moving average of $159.80.

CorVel (NASDAQ:CRVLGet Rating) last issued its earnings results on Thursday, May 26th. The business services provider reported $1.09 EPS for the quarter. The business had revenue of $171.36 million during the quarter. CorVel had a return on equity of 30.16% and a net margin of 10.28%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRVL. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CorVel by 4.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,992,220 shares of the business services provider’s stock valued at $414,381,000 after purchasing an additional 78,436 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of CorVel by 5,622.5% in the fourth quarter. Lazard Asset Management LLC now owns 44,006 shares of the business services provider’s stock valued at $9,152,000 after purchasing an additional 43,237 shares in the last quarter. Navellier & Associates Inc. acquired a new position in shares of CorVel in the first quarter valued at $5,855,000. Assenagon Asset Management S.A. raised its stake in shares of CorVel by 1,139.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,498 shares of the business services provider’s stock valued at $6,552,000 after purchasing an additional 28,956 shares in the last quarter. Finally, Alphastar Capital Management LLC bought a new stake in CorVel in the fourth quarter valued at $4,402,000. 51.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TheStreet upgraded CorVel from a “c+” rating to a “b” rating in a report on Friday, July 15th.

About CorVel

(Get Rating)

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.

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