Intech Investment Management LLC Takes $2.80 Million Position in CorVel Co. (NASDAQ:CRVL)

Intech Investment Management LLC acquired a new position in shares of CorVel Co. (NASDAQ:CRVL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,557 shares of the business services provider’s stock, valued at approximately $2,797,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of CorVel by 435.3% during the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after acquiring an additional 74 shares in the last quarter. GAMMA Investing LLC grew its position in CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Advisors Asset Management Inc. increased its stake in CorVel by 121.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock valued at $67,000 after buying an additional 112 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in CorVel during the 3rd quarter worth about $102,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of CorVel by 130.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 411 shares of the business services provider’s stock worth $105,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

CorVel Stock Up 2.8 %

Shares of CorVel stock opened at $370.44 on Friday. CorVel Co. has a 12-month low of $203.90 and a 12-month high of $371.39. The business’s 50 day moving average is $324.27 and its 200-day moving average is $294.44. The stock has a market cap of $6.35 billion, a P/E ratio of 78.65 and a beta of 1.10.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. 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. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.