Charles Schwab Investment Management Inc. Acquires 6,061 Shares of CorVel Co. (NASDAQ:CRVL)

Charles Schwab Investment Management Inc. increased its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,236 shares of the business services provider’s stock after buying an additional 6,061 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.50% of CorVel worth $28,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CRVL. GAMMA Investing LLC increased its holdings in CorVel by 98.0% in 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 in the last quarter. Blue Trust Inc. increased its holdings in CorVel by 435.3% in 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in CorVel by 121.7% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in CorVel in the 3rd quarter worth about $102,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in CorVel by 130.9% in 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 in the last quarter. 51.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

CorVel Trading Up 1.0 %

Shares of CRVL stock opened at $359.80 on Thursday. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 76.39 and a beta of 1.14. The stock has a 50-day moving average of $331.47 and a 200-day moving average of $300.00. CorVel Co. has a 1-year low of $212.70 and a 1-year high of $381.73.

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.