CRA International,Inc. (NASDAQ:CRAI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
Separately, Zacks Investment Research upgraded shares of CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research report on Monday, October 30th.
CRA International,Inc. (NASDAQ:CRAI) traded down $0.02 during mid-day trading on Friday, reaching $45.18. 62,029 shares of the company traded hands, compared to its average volume of 54,775. The firm has a market capitalization of $366.37, a price-to-earnings ratio of 30.95 and a beta of 0.79. CRA International,Inc. has a 52 week low of $31.77 and a 52 week high of $47.30.
In other news, insider Paul A. Maleh sold 13,300 shares of CRA International,Inc. stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $43.16, for a total value of $574,028.00. Following the sale, the insider now owns 116,619 shares in the company, valued at $5,033,276.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Chad M. Holmes sold 1,700 shares of CRA International,Inc. stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $43.17, for a total transaction of $73,389.00. Following the completion of the sale, the chief financial officer now owns 11,055 shares in the company, valued at approximately $477,244.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $1,108,417. Company insiders own 4.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of CRA International,Inc. in the third quarter worth about $128,000. Public Employees Retirement System of Ohio purchased a new position in shares of CRA International,Inc. in the second quarter worth about $156,000. Nordea Investment Management AB lifted its stake in shares of CRA International,Inc. by 31.7% in the second quarter. Nordea Investment Management AB now owns 5,400 shares of the business services provider’s stock worth $196,000 after buying an additional 1,300 shares in the last quarter. Sawgrass Asset Management LLC purchased a new position in shares of CRA International,Inc. in the third quarter worth about $385,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of CRA International,Inc. in the second quarter worth about $444,000. Institutional investors and hedge funds own 85.07% of the company’s stock.
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About CRA International,Inc.
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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