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

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

CRA International Stock Performance

Shares of CRAI opened at $189.29 on Thursday. The business’s 50-day moving average is $172.58 and its two-hundred day moving average is $168.11. The company has a market capitalization of $1.31 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.66 and a beta of 1.14. CRA International has a fifty-two week low of $81.29 and a fifty-two week high of $198.02.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.34. The company had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same period last year, the firm earned $1.42 EPS. Analysts forecast that CRA International will post 6.93 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On CRA International

Several institutional investors have recently bought and sold shares of CRAI. SG Americas Securities LLC acquired a new stake in CRA International in the 1st quarter worth about $115,000. Marshall Wace LLP acquired a new stake in CRA International in the 2nd quarter worth about $221,000. Kennedy Capital Management LLC boosted its holdings in CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after buying an additional 117 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in CRA International by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after buying an additional 74 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in CRA International by 12.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after buying an additional 324 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

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.