Intech Investment Management LLC Sells 11,591 Shares of CorVel Corp. $CRVL

Intech Investment Management LLC lowered its holdings in shares of CorVel Corp. (NASDAQ:CRVL) by 40.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,279 shares of the business services provider’s stock after selling 11,591 shares during the quarter. Intech Investment Management LLC’s holdings in CorVel were worth $1,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Convergence Financial LLC purchased a new position in shares of CorVel in the third quarter worth approximately $359,000. GSA Capital Partners LLP purchased a new stake in CorVel during the third quarter valued at approximately $626,000. Vanguard Group Inc. raised its position in CorVel by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,287,788 shares of the business services provider’s stock worth $254,541,000 after acquiring an additional 45,071 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of CorVel by 43.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,618 shares of the business services provider’s stock worth $1,829,000 after acquiring an additional 7,182 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of CorVel by 16.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 246 shares during the period. Institutional investors own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRVL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CorVel in a report on Friday, January 9th. Wall Street Zen lowered CorVel from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

CorVel Trading Up 0.2%

Shares of CRVL opened at $54.96 on Friday. The business’s 50 day moving average is $59.92 and its 200 day moving average is $70.91. CorVel Corp. has a 12-month low of $44.83 and a 12-month high of $119.57. The company has a market capitalization of $2.81 billion, a PE ratio of 26.94 and a beta of 1.10.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $235.63 million during the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.

CorVel Company Profile

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).