Texas Permanent School Fund Has $894,000 Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Texas Permanent School Fund trimmed its position in CorVel Co. (NASDAQ:CRVL – Get Rating) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,152 shares of the business services provider’s stock after selling 486 shares during the quarter. Texas Permanent School Fund’s holdings in CorVel were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRVL. Raymond James & Associates grew its holdings in CorVel by 2,449.9% in the 3rd quarter. Raymond James & Associates now owns 42,787 shares of the business services provider’s stock valued at $5,923,000 after buying an additional 41,109 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of CorVel by 377.9% during the 1st quarter. Ancora Advisors LLC now owns 18,251 shares of the business services provider’s stock worth $1,872,000 after purchasing an additional 14,432 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CorVel by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,111,277 shares of the business services provider’s stock worth $187,184,000 after purchasing an additional 12,430 shares during the period. State Street Corp increased its position in shares of CorVel by 3.8% in the first quarter. State Street Corp now owns 318,373 shares of the business services provider’s stock worth $53,627,000 after purchasing an additional 11,548 shares during the period. Finally, Quadrature Capital Ltd increased its position in shares of CorVel by 137.5% in the third quarter. Quadrature Capital Ltd now owns 15,738 shares of the business services provider’s stock worth $2,166,000 after purchasing an additional 9,111 shares during the period. 50.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CorVel

In other CorVel news, major shareholder Corstar Holdings Inc sold 10,000 shares of CorVel stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $192.50, for a total value of $1,925,000.00. Following the transaction, the insider now owns 6,344,036 shares in the company, valued at $1,221,226,930. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Corstar Holdings Inc sold 10,000 shares of CorVel stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $192.50, for a total transaction of $1,925,000.00. Following the sale, the insider now directly owns 6,344,036 shares of the company’s stock, valued at $1,221,226,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maxim Shishin sold 2,125 shares of CorVel stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $180.27, for a total value of $383,073.75. Following the sale, the insider now directly owns 600 shares in the company, valued at $108,162. The disclosure for this sale can be found here. Insiders have sold a total of 71,579 shares of company stock worth $13,263,787 over the last 90 days. Insiders own 48.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on CorVel in a research report on Thursday, March 16th. They issued a “buy” rating on the stock.

CorVel Stock Up 0.9 %

CorVel stock opened at $221.04 on Tuesday. CorVel Co. has a 12-month low of $129.19 and a 12-month high of $221.13. The business’s 50-day moving average price is $195.45 and its two-hundred day moving average price is $172.42. The stock has a market cap of $3.79 billion, a PE ratio of 57.86 and a beta of 1.07.

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