Schwab Charles Investment Management Inc. Sells 3,295 Shares of CorVel Co. (CRVL)

Schwab Charles Investment Management Inc. reduced its position in CorVel Co. (NASDAQ:CRVL) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,927 shares of the business services provider’s stock after selling 3,295 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.19% of CorVel worth $1,955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of CorVel by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,474,000 shares of the business services provider’s stock worth $69,941,000 after purchasing an additional 9,847 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CorVel by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,106 shares of the business services provider’s stock worth $37,016,000 after purchasing an additional 9,196 shares in the last quarter. State Street Corp lifted its holdings in shares of CorVel by 5.2% in the 2nd quarter. State Street Corp now owns 253,625 shares of the business services provider’s stock worth $12,030,000 after purchasing an additional 12,529 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of CorVel by 1.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 129,894 shares of the business services provider’s stock worth $7,065,000 after purchasing an additional 1,454 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of CorVel by 0.8% in the 2nd quarter. Principal Financial Group Inc. now owns 77,822 shares of the business services provider’s stock worth $3,693,000 after purchasing an additional 607 shares in the last quarter. Institutional investors own 43.65% of the company’s stock.

CorVel Co. (CRVL) opened at $51.30 on Friday. CorVel Co. has a 52 week low of $36.20 and a 52 week high of $61.20. The firm has a market capitalization of $931.77, a price-to-earnings ratio of 29.43 and a beta of 0.73.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.44 earnings per share for the quarter. CorVel had a return on equity of 22.68% and a net margin of 6.01%. The business had revenue of $136.43 million for the quarter.

In other CorVel news, insider Maxim Shishin sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $57.26, for a total transaction of $57,260.00. Following the transaction, the insider now directly owns 1,000 shares in the company, valued at approximately $57,260. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 50.96% of the stock is currently owned by company insiders.

Separately, BidaskClub cut CorVel from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th.

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CorVel Profile

CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.

Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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