Intech Investment Management LLC bought a new position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 8,557 shares of the business services provider's stock, valued at approximately $2,797,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CRVL. Kayne Anderson Rudnick Investment Management LLC boosted its position in CorVel by 1.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider's stock valued at $489,631,000 after acquiring an additional 21,673 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in CorVel by 41.8% during the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider's stock worth $29,464,000 after purchasing an additional 34,155 shares during the period. Bank of New York Mellon Corp increased its holdings in CorVel by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider's stock worth $18,719,000 after purchasing an additional 1,479 shares in the last quarter. Raymond James & Associates lifted its stake in CorVel by 3.6% in the third quarter. Raymond James & Associates now owns 60,358 shares of the business services provider's stock valued at $19,730,000 after buying an additional 2,110 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of CorVel by 997.8% during the 1st quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider's stock worth $12,351,000 after buying an additional 42,696 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of CorVel from a "buy" rating to a "hold" rating in a research note on Saturday, August 31st.
Check Out Our Latest Report on CRVL
CorVel Price Performance
Shares of CRVL stock traded up $10.25 on Friday, reaching $370.44. 62,109 shares of the company were exchanged, compared to its average volume of 36,704. The company has a 50-day moving average of $324.27 and a 200-day moving average of $294.73. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 78.65 and a beta of 1.10. CorVel Co. has a one year low of $203.90 and a one year high of $371.39.
CorVel Company Profile
(
Free Report)
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.
See Also
Before you consider CorVel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CorVel wasn't on the list.
While CorVel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
