CorVel Co. (NASDAQ:CRVL) Shares Bought by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of CorVel Co. (NASDAQ:CRVL) by 44.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,404 shares of the business services provider’s stock after purchasing an additional 6,300 shares during the quarter. Jane Street Group LLC’s holdings in CorVel were worth $6,670,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Wolverine Trading LLC grew its position in CorVel by 224.1% during the third quarter. Wolverine Trading LLC now owns 1,241 shares of the business services provider’s stock worth $398,000 after buying an additional 2,241 shares during the period. State Street Corp boosted its stake in shares of CorVel by 0.8% during the 3rd quarter. State Street Corp now owns 360,068 shares of the business services provider’s stock worth $117,703,000 after acquiring an additional 2,959 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of CorVel in the 3rd quarter worth approximately $88,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in CorVel in the 3rd quarter valued at approximately $184,000. Finally, Erste Asset Management GmbH acquired a new position in CorVel during the third quarter worth $545,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Insider Activity

In related news, EVP Mark E. Bertels sold 350 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $357.35, for a total value of $125,072.50. Following the sale, the executive vice president now owns 860 shares of the company’s stock, valued at approximately $307,321. This represents a 28.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 47.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

CorVel Trading Down 0.8 %

NASDAQ:CRVL opened at $352.00 on Friday. The company has a market capitalization of $6.03 billion, a P/E ratio of 74.73 and a beta of 1.14. The firm has a 50-day moving average price of $336.33 and a two-hundred day moving average price of $303.93. CorVel Co. has a twelve month low of $223.89 and a twelve month high of $381.73.

About CorVel

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.