Charles River Associates (NASDAQ:CRAI) Rating Lowered to “Hold” at Wall Street Zen

Charles River Associates (NASDAQ:CRAIGet Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Barrington Research lifted their price objective on shares of Charles River Associates from $224.00 to $228.00 and gave the company an “outperform” rating in a research report on Wednesday, May 21st.

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Charles River Associates Stock Down 1.3%

Shares of CRAI stock opened at $179.85 on Friday. The firm has a fifty day moving average of $179.52 and a 200-day moving average of $182.57. Charles River Associates has a 12-month low of $133.54 and a 12-month high of $214.01. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.42 and a beta of 0.93.

Charles River Associates (NASDAQ:CRAIGet Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.29. The business had revenue of $181.85 million during the quarter, compared to the consensus estimate of $176.63 million. Charles River Associates had a net margin of 7.31% and a return on equity of 25.88%. On average, equities analysts expect that Charles River Associates will post 7.52 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, May 20th. The shares were sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the completion of the sale, the chief executive officer now owns 141,545 shares in the company, valued at approximately $26,981,307.90. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jonathan D. Yellin sold 1,750 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $188.46, for a total transaction of $329,805.00. Following the sale, the executive vice president now owns 19,073 shares of the company’s stock, valued at approximately $3,594,497.58. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Institutional Trading of Charles River Associates

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its stake in Charles River Associates by 1.6% in the 1st quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider’s stock worth $2,201,000 after purchasing an additional 205 shares in the last quarter. Strs Ohio acquired a new stake in Charles River Associates in the 1st quarter worth about $329,000. Jones Financial Companies Lllp acquired a new stake in Charles River Associates in the 1st quarter worth about $27,000. Jump Financial LLC acquired a new stake in Charles River Associates in the 1st quarter worth about $628,000. Finally, Quantbot Technologies LP acquired a new stake in Charles River Associates in the 1st quarter worth about $360,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

About Charles River Associates

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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.

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