CRA International (CRAI) Cut to Hold at BidaskClub

CRA International (NASDAQ:CRAI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of CRA International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine cut shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

CRA International (NASDAQ:CRAI) opened at $48.00 on Thursday. The firm has a market cap of $383.97, a price-to-earnings ratio of 34.53 and a beta of 0.80. CRA International has a 52 week low of $31.77 and a 52 week high of $49.31.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. CRA International had a net margin of 3.39% and a return on equity of 5.98%. The business had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $90.36 million. During the same period last year, the company posted $0.39 EPS. The business’s revenue was up 11.8% on a year-over-year basis. analysts predict that CRA International will post 1.56 EPS for the current fiscal year.

In other CRA International news, CFO Chad M. Holmes sold 1,700 shares of CRA International stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.17, for a total value of $73,389.00. Following the completion of the transaction, the chief financial officer now directly owns 11,055 shares of the company’s stock, valued at approximately $477,244.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rowland Moriarty sold 10,000 shares of CRA International stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $46.10, for a total transaction of $461,000.00. Following the completion of the transaction, the director now directly owns 38,471 shares of the company’s stock, valued at $1,773,513.10. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $1,108,417 over the last three months. Corporate insiders own 4.70% of the company’s stock.

Several large investors have recently modified their holdings of the business. Teachers Advisors LLC grew its stake in shares of CRA International by 5.2% in the 2nd quarter. Teachers Advisors LLC now owns 16,174 shares of the business services provider’s stock worth $587,000 after buying an additional 798 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of CRA International by 31.7% in the 2nd 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. Bank of New York Mellon Corp boosted its stake in shares of CRA International by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 96,667 shares of the business services provider’s stock worth $3,511,000 after purchasing an additional 2,258 shares during the period. SG Americas Securities LLC purchased a new position in shares of CRA International during the 3rd quarter worth about $128,000. Finally, New York State Common Retirement Fund boosted its stake in shares of CRA International by 48.0% during the 2nd quarter. New York State Common Retirement Fund now owns 12,286 shares of the business services provider’s stock worth $446,000 after purchasing an additional 3,985 shares during the period. 85.08% of the stock is owned by institutional investors and hedge funds.

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About CRA International

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.

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