Intech Investment Management LLC Buys Shares of 8,557 CorVel Co. (NASDAQ:CRVL)

Intech Investment Management LLC purchased a new position in CorVel Co. (NASDAQ:CRVL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,557 shares of the business services provider’s stock, valued at approximately $2,797,000.

A number of other institutional investors have also made changes to their positions in CRVL. Advisors Asset Management Inc. boosted its holdings in CorVel by 121.7% during the third quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock worth $67,000 after buying an additional 112 shares during the last quarter. Premier Fund Managers Ltd bought a new position in CorVel during the 3rd quarter worth approximately $918,000. Quest Partners LLC grew its holdings in CorVel by 95.1% during the third quarter. Quest Partners LLC now owns 3,596 shares of the business services provider’s stock valued at $1,175,000 after purchasing an additional 1,753 shares during the period. Crossmark Global Holdings Inc. bought a new stake in CorVel in the third quarter valued at approximately $298,000. Finally, Colonial River Investments LLC acquired a new stake in CorVel in the third quarter worth $256,000. 51.36% of the stock is owned by institutional investors and hedge funds.

CorVel Price Performance

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

Analysts Set New Price Targets

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

About CorVel

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.