CorVel Co. (NASDAQ:CRVL – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $279.07 and last traded at $279.07, with a volume of 4345 shares traded. The stock had previously closed at $276.61.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of CorVel from a “hold” rating to a “buy” rating in a report on Monday, May 13th.
Get Our Latest Stock Analysis on CRVL
CorVel Stock Up 1.3 %
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CRVL. Benjamin F. Edwards & Company Inc. increased its stake in CorVel by 474.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 147 shares during the last quarter. Spire Wealth Management increased its stake in CorVel by 815.0% in the first quarter. Spire Wealth Management now owns 366 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 326 shares during the last quarter. AXS Investments LLC bought a new position in CorVel in the fourth quarter valued at approximately $189,000. Vanguard Personalized Indexing Management LLC bought a new position in CorVel in the fourth quarter valued at approximately $264,000. Finally, O Shaughnessy Asset Management LLC increased its stake in CorVel by 20.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,043 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 177 shares during the last quarter. 51.36% of the stock is owned by institutional investors.
About CorVel
CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.
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