Kolinsky Wealth Management LLC Raises Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Kolinsky Wealth Management LLC lifted its holdings in CorVel Co. (NASDAQ:CRVL) by 200.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,205 shares of the business services provider’s stock after purchasing an additional 3,470 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in CorVel were worth $579,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of CorVel by 152.8% during the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider’s stock valued at $12,137,000 after buying an additional 65,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CorVel by 297.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider’s stock worth $768,000 after purchasing an additional 5,163 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of CorVel by 199.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider’s stock worth $594,000 after purchasing an additional 3,558 shares during the last quarter. Federated Hermes Inc. grew its stake in CorVel by 154.9% in the 4th quarter. Federated Hermes Inc. now owns 492 shares of the business services provider’s stock worth $55,000 after acquiring an additional 299 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of CorVel by 200.8% in the fourth quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider’s stock valued at $1,539,000 after acquiring an additional 9,233 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CorVel from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Insider Buying and Selling

In related news, Director Jeffrey J. Michael sold 16,523 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the transaction, the director now owns 551,787 shares in the company, valued at approximately $64,553,561.13. This represents a 2.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 47.57% of the stock is owned by company insiders.

CorVel Stock Performance

CorVel stock opened at $113.67 on Wednesday. CorVel Co. has a one year low of $76.53 and a one year high of $128.61. The stock has a market cap of $5.84 billion, a PE ratio of 66.87 and a beta of 1.10. The stock has a 50-day moving average of $111.61 and a two-hundred day moving average of $116.64.

CorVel Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. 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. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.