Raymond James & Associates Sells 3,824 Shares of CorVel Co. (NASDAQ:CRVL)

Raymond James & Associates cut its holdings in shares of CorVel Co. (NASDAQ:CRVL – Get Rating) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,963 shares of the business services provider’s stock after selling 3,824 shares during the quarter. Raymond James & Associates’ holdings in CorVel were worth $5,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in shares of CorVel during the 2nd quarter valued at approximately $34,000. FourThought Financial LLC raised its holdings in CorVel by 31.5% during the 3rd quarter. FourThought Financial LLC now owns 342 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 82 shares during the period. Federated Hermes Inc. lifted its position in shares of CorVel by 55.3% during the third quarter. Federated Hermes Inc. now owns 340 shares of the business services provider’s stock worth $47,000 after acquiring an additional 121 shares in the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of CorVel by 327.6% in the second quarter. Point72 Hong Kong Ltd now owns 325 shares of the business services provider’s stock worth $48,000 after acquiring an additional 249 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of CorVel by 150.9% in the third quarter. Tower Research Capital LLC TRC now owns 695 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 418 shares in the last quarter. Institutional investors own 50.75% of the company’s stock.

Insider Buying and Selling at CorVel

In other news, Chairman V Gordon Clemons sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $182.00, for a total value of $455,000.00. Following the transaction, the chairman now owns 385,534 shares of the company’s stock, valued at $70,167,188. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CorVel news, Chairman V Gordon Clemons sold 2,500 shares of CorVel stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $182.00, for a total transaction of $455,000.00. Following the completion of the sale, the chairman now directly owns 385,534 shares in the company, valued at $70,167,188. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brandon O’brien sold 2,036 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $176.75, for a total transaction of $359,863.00. Following the completion of the transaction, the chief financial officer now directly owns 3,182 shares of the company’s stock, valued at approximately $562,418.50. The disclosure for this sale can be found here. Insiders sold a total of 62,229 shares of company stock valued at $11,543,587 in the last three months. Company insiders own 48.56% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on CorVel in a report on Thursday. They set a “buy” rating on the stock.

CorVel Trading Down 0.1 %

CRVL stock opened at $205.37 on Monday. The firm has a 50 day moving average of $197.95 and a 200-day moving average of $173.77. The firm has a market capitalization of $3.52 billion, a P/E ratio of 53.76 and a beta of 1.07. CorVel Co. has a 12 month low of $129.19 and a 12 month high of $221.82.

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