BTIM Corp. Lowers Stake in CorVel Co. (CRVL)
BTIM Corp. lowered its stake in shares of CorVel Co. (NASDAQ:CRVL) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,342 shares of the business services provider’s stock after selling 3,078 shares during the quarter. BTIM Corp.’s holdings in CorVel were worth $7,371,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Citadel Advisors LLC grew its holdings in shares of CorVel by 30.0% during the 3rd quarter. Citadel Advisors LLC now owns 13,738 shares of the business services provider’s stock valued at $748,000 after purchasing an additional 3,171 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of CorVel during the 3rd quarter valued at $317,000. Dimensional Fund Advisors LP grew its holdings in shares of CorVel by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 780,106 shares of the business services provider’s stock valued at $37,016,000 after purchasing an additional 9,196 shares during the last quarter. Numeric Investors LLC grew its holdings in shares of CorVel by 26.9% during the 2nd quarter. Numeric Investors LLC now owns 59,050 shares of the business services provider’s stock valued at $2,802,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of CorVel by 31.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,180 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 4,572 shares during the last quarter. 43.72% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered shares of CorVel from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th.
CorVel Co. (CRVL) opened at $53.40 on Friday. The company has a market cap of $1,025.99, a price-to-earnings ratio of 29.34 and a beta of 0.73. CorVel Co. has a twelve month low of $38.00 and a twelve month high of $61.20.
CorVel (NASDAQ:CRVL) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $140.73 million for the quarter. CorVel had a net margin of 6.33% and a return on equity of 23.74%.
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CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.
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