Bridgewater Associates LP Has $2.66 Million Stock Position in CorVel Co. (NASDAQ:CRVL)

Bridgewater Associates LP cut its holdings in CorVel Co. (NASDAQ:CRVL) by 27.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,151 shares of the business services provider’s stock after selling 3,083 shares during the quarter. Bridgewater Associates LP’s holdings in CorVel were worth $2,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRVL. B. Riley Wealth Advisors Inc. acquired a new stake in shares of CorVel in the 1st quarter valued at approximately $375,000. GAMMA Investing LLC boosted its holdings in shares of CorVel by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in CorVel by 9.9% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 1,940 shares of the business services provider’s stock worth $493,000 after acquiring an additional 174 shares during the last quarter. Curated Wealth Partners LLC increased its holdings in CorVel by 180.6% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,130 shares of the business services provider’s stock worth $542,000 after purchasing an additional 4,773 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position 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 purchasing an additional 34,155 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

Analyst Ratings Changes

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

CorVel Stock Up 1.1 %

Shares of NASDAQ:CRVL opened at $365.40 on Friday. The firm has a market cap of $6.26 billion, a P/E ratio of 77.58 and a beta of 1.10. CorVel Co. has a 12-month low of $207.65 and a 12-month high of $381.73. The business has a fifty day simple moving average of $329.07 and a 200 day simple moving average of $298.13.

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.