StockNews.com Downgrades CRA International (NASDAQ:CRAI) to Hold

CRA International (NASDAQ:CRAI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

CRA International Trading Down 6.2 %

Shares of CRAI opened at $182.14 on Friday. CRA International has a 12-month low of $81.29 and a 12-month high of $198.02. The stock has a market cap of $1.23 billion, a P/E ratio of 31.84, a PEG ratio of 1.66 and a beta of 1.14. The company has a 50-day moving average of $175.04 and a two-hundred day moving average of $169.39.

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

Insider Buying and Selling at CRA International

In related news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 159,212 shares in the company, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the business’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 transaction, the chief executive officer now owns 159,212 shares in the company, valued at $25,208,035.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.26, for a total value of $197,825.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,750 shares of company stock valued at $1,695,720. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in shares of CRA International in the 1st quarter valued at approximately $26,924,000. SG Americas Securities LLC acquired a new stake in shares of CRA International during the third quarter worth $573,000. Prime Capital Investment Advisors LLC raised its holdings in shares of CRA International by 34.9% during the second quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock worth $1,700,000 after purchasing an additional 2,551 shares during the period. Russell Investments Group Ltd. lifted its position in shares of 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 buying an additional 1,912 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of 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 valued at $518,000 after buying an additional 324 shares during the period. 84.13% of the stock is currently owned by institutional investors.

About CRA International

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.