BlackRock Amends CORVEL CORP Stake, Signals Updated Position
Ticker: CRVL · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 874866
| Field | Detail |
|---|---|
| Company | Corvel CORP (CRVL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its CORVEL CORP stake, watch for details on share count changes.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of CORVEL CORP's Common Stock as of December 31, 2023. This filing is an amendment (Amendment No. 8), meaning BlackRock has previously reported its stake and is updating its position. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in CORVEL CORP's future performance, potentially influencing other investors' decisions.
Why It Matters
Large institutional investors like BlackRock often conduct extensive research, so their updated holdings can be a bellwether for a stock's perceived value and future trajectory.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently signal a significant risk or opportunity, but rather an update to a known position.
Analyst Insight
Investors should look for the detailed share count information within the full filing to understand if BlackRock increased or decreased its stake in CORVEL CORP, as this could influence short-term trading sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- CORVEL CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 8 (number) — indicates this is the eighth amendment to BlackRock's Schedule 13G filing for CORVEL CORP
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc. regarding its ownership in CORVEL CORP.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of CORVEL CORP is 221006109.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
What does 'Amendment No: 8' signify in this filing?
'Amendment No: 8' signifies that this is the eighth amendment to BlackRock Inc.'s original Schedule 13G filing concerning its ownership of CORVEL CORP's Common Stock, indicating an update to previously reported information.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding CORVEL CORP (CRVL).