Charles Schwab Investment Management Inc. Boosts Stake in CorVel Co. (NASDAQ:CRVL)

Charles Schwab Investment Management Inc. boosted its stake in CorVel Co. (NASDAQ:CRVL - Free Report) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,236 shares of the business services provider's stock after acquiring an additional 6,061 shares during the period. Charles Schwab Investment Management Inc. owned 0.50% of CorVel worth $28,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in CorVel by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider's stock worth $25,000 after purchasing an additional 48 shares during the period. Blue Trust Inc. increased its position in 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 purchasing an additional 74 shares during the period. Advisors Asset Management Inc. increased its position in CorVel by 121.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider's stock worth $67,000 after purchasing an additional 112 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in CorVel during the 3rd quarter worth approximately $102,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in 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 purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 51.36% of the company's stock.

CorVel Stock Down 2.2 %

Shares of CRVL traded down $7.94 on Thursday, reaching $351.86. The stock had a trading volume of 23,999 shares, compared to its average volume of 36,728. The firm has a market capitalization of $6.03 billion, a PE ratio of 76.39 and a beta of 1.14. The firm has a 50-day moving average of $331.47 and a 200 day moving average of $300.00. CorVel Co. has a twelve month low of $218.29 and a twelve month high of $381.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CorVel from a "buy" rating to a "hold" rating in a report on Saturday, August 31st.

CorVel 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.