Cerity Partners LLC Makes New $773,000 Investment in CorVel Co. (NASDAQ:CRVL)

Cerity Partners LLC acquired a new position in shares of CorVel Co. (NASDAQ:CRVL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,366 shares of the business services provider’s stock, valued at approximately $773,000.

A number of other large investors have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings 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 acquiring an additional 48 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of CorVel by 9.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,940 shares of the business services provider’s stock worth $493,000 after purchasing an additional 174 shares in the last quarter. Curated Wealth Partners LLC increased its holdings in CorVel by 180.6% in the second quarter. Curated Wealth Partners LLC now owns 2,130 shares of the business services provider’s stock valued at $542,000 after buying an additional 4,773 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in CorVel by 41.8% in the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock valued at $29,464,000 after buying an additional 34,155 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its holdings in CorVel by 6.0% during the 2nd quarter. Ellsworth Advisors LLC now owns 2,279 shares of the business services provider’s stock worth $579,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Analysts Set New Price Targets

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

CorVel Trading Down 2.2 %

Shares of NASDAQ:CRVL opened at $351.86 on Friday. The firm has a 50 day simple moving average of $332.09 and a 200-day simple moving average of $300.36. CorVel Co. has a twelve month low of $218.29 and a twelve month high of $381.73. The company has a market capitalization of $6.03 billion, a PE ratio of 74.70 and a beta of 1.14.

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.