Tudor Investment Corp ET AL Buys 17,233 Shares of CorVel Corp. $CRVL

Tudor Investment Corp ET AL grew its stake in shares of CorVel Corp. (NASDAQ:CRVL) by 17.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,116 shares of the business services provider’s stock after buying an additional 17,233 shares during the quarter. Tudor Investment Corp ET AL’s holdings in CorVel were worth $8,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Federated Hermes Inc. grew its stake in shares of CorVel by 147.4% in the third quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock worth $29,000 after purchasing an additional 227 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CorVel in the third quarter worth $31,000. Hantz Financial Services Inc. grew its stake in shares of CorVel by 61.3% in the third quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock worth $39,000 after purchasing an additional 190 shares during the last quarter. Quarry LP grew its stake in shares of CorVel by 218.6% in the third quarter. Quarry LP now owns 513 shares of the business services provider’s stock worth $40,000 after purchasing an additional 352 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of CorVel in the third quarter worth $47,000. Institutional investors own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CorVel in a research note on Friday, January 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

CorVel Stock Down 0.7%

Shares of CorVel stock opened at $54.06 on Tuesday. CorVel Corp. has a twelve month low of $44.83 and a twelve month high of $119.57. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 26.50 and a beta of 1.05. The company’s fifty day moving average is $53.33 and its 200 day moving average is $65.65.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $235.63 million for the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.

Insider Transactions at CorVel

In related news, insider Maxim Shishin sold 2,400 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $54.00, for a total value of $129,600.00. Following the transaction, the insider owned 7,050 shares in the company, valued at $380,700. The trade was a 25.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 44.56% of the stock is currently owned by insiders.

About CorVel

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).