Renaissance Technologies LLC reduced its holdings in CorVel Co. (NASDAQ:CRVL) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,473,400 shares of the business services provider’s stock after selling 3,200 shares during the quarter. Renaissance Technologies LLC owned about 7.80% of CorVel worth $77,943,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of CorVel in the 3rd quarter valued at approximately $102,000. LS Investment Advisors LLC lifted its holdings in shares of CorVel by 424.0% in the 4th quarter. LS Investment Advisors LLC now owns 2,033 shares of the business services provider’s stock valued at $108,000 after buying an additional 1,645 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of CorVel by 58.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the business services provider’s stock valued at $199,000 after buying an additional 1,350 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of CorVel in the 3rd quarter valued at approximately $206,000. Finally, First Quadrant L P CA lifted its holdings in shares of CorVel by 123.7% in the 4th quarter. First Quadrant L P CA now owns 3,910 shares of the business services provider’s stock valued at $207,000 after buying an additional 2,162 shares during the period. 46.13% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub cut CorVel from a “strong-buy” rating to a “buy” rating in a report on Friday, December 29th.
CRVL stock traded up $1.55 on Friday, hitting $53.00. The stock had a trading volume of 123,967 shares, compared to its average volume of 29,149. The firm has a market cap of $1,000.64, a PE ratio of 29.12 and a beta of 0.71. CorVel Co. has a 1-year low of $39.80 and a 1-year high of $61.20.
CorVel (NASDAQ:CRVL) last issued its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $140.73 million during the quarter. CorVel had a return on equity of 23.74% and a net margin of 6.33%.
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CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.
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