CRA International (NASDAQ:CRAI) Rating Lowered to Hold at StockNews.com

CRA International (NASDAQ:CRAI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

CRA International Trading Up 0.3 %

CRA International stock opened at $189.29 on Thursday. The firm has a 50-day moving average price of $172.58 and a 200-day moving average price of $168.11. The firm has a market capitalization of $1.31 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. CRA International has a 12-month low of $81.29 and a 12-month high of $198.02.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.34. The firm had revenue of $171.44 million during the quarter, compared to analyst estimates of $167.87 million. CRA International had a net margin of 6.17% and a return on equity of 22.37%. During the same quarter last year, the business earned $1.42 EPS. As a group, sell-side analysts predict that CRA International will post 6.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the sale, the chief executive officer now owns 159,212 shares in the company, valued at $25,208,035.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Jonathan D. Yellin sold 1,250 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.26, for a total transaction of $197,825.00. Following the completion of the sale, the executive vice president now owns 20,361 shares in the company, valued at approximately $3,222,331.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the sale, the chief executive officer now owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,750 shares of company stock worth $1,695,720 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Institutional Trading of CRA International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB purchased a new position in CRA International in the 1st quarter worth $26,924,000. Bank of New York Mellon Corp raised its stake in CRA International by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock worth $10,532,000 after acquiring an additional 1,705 shares during the last quarter. Isthmus Partners LLC raised its stake in CRA International by 55.3% in the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 10,213 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CRA International by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 1,912 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in CRA International by 34.9% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock worth $1,700,000 after acquiring an additional 2,551 shares during the last quarter. Hedge funds and other institutional investors own 84.13% of the company’s stock.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.