CorVel Co. (CRVL) Holdings Raised by First Trust Advisors LP

First Trust Advisors LP raised its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 78.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,626 shares of the business services provider’s stock after purchasing an additional 23,938 shares during the quarter. First Trust Advisors LP owned 0.29% of CorVel worth $3,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in CorVel during the 2nd quarter valued at approximately $121,000. SG Americas Securities LLC grew its stake in CorVel by 66.0% during the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 1,370 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in CorVel during the 2nd quarter valued at approximately $437,000. Allianz Asset Management GmbH grew its stake in CorVel by 87.9% during the 1st quarter. Allianz Asset Management GmbH now owns 10,437 shares of the business services provider’s stock valued at $528,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Raymond James & Associates grew its stake in CorVel by 17.4% during the 2nd quarter. Raymond James & Associates now owns 13,495 shares of the business services provider’s stock valued at $729,000 after purchasing an additional 2,002 shares in the last quarter. Hedge funds and other institutional investors own 45.47% of the company’s stock.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th.

Shares of NASDAQ CRVL opened at $65.60 on Monday. CorVel Co. has a fifty-two week low of $46.45 and a fifty-two week high of $67.10. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 29.03 and a beta of 0.54.

In other news, major shareholder Corstar Holdings Inc sold 8,049 shares of CorVel stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $60.18, for a total value of $484,388.82. Following the completion of the transaction, the insider now owns 7,114,830 shares in the company, valued at approximately $428,170,469.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman V Gordon Clemons sold 1,000 shares of CorVel stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $57.53, for a total value of $57,530.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,022 shares of company stock valued at $9,627,905. Insiders own 51.40% of the company’s stock.

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CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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