New York State Common Retirement Fund Boosts Stock Position in Charles River Associates $CRAI

New York State Common Retirement Fund boosted its position in Charles River Associates (NASDAQ:CRAI) by 154.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,995 shares of the business services provider’s stock after purchasing an additional 3,638 shares during the period. New York State Common Retirement Fund’s holdings in Charles River Associates were worth $1,250,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRAI. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates during the first quarter worth about $27,000. Longboard Asset Management LP acquired a new stake in Charles River Associates during the third quarter worth approximately $217,000. Kennedy Capital Management LLC grew its stake in Charles River Associates by 9.3% in the 2nd quarter. Kennedy Capital Management LLC now owns 3,910 shares of the business services provider’s stock worth $733,000 after acquiring an additional 333 shares during the period. Arkadios Wealth Advisors raised its holdings in Charles River Associates by 4.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,253 shares of the business services provider’s stock valued at $797,000 after acquiring an additional 180 shares during the last quarter. Finally, Dearborn Partners LLC raised its holdings in Charles River Associates by 3.3% in the 2nd quarter. Dearborn Partners LLC now owns 5,033 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 163 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

Charles River Associates Trading Down 3.9%

Shares of Charles River Associates stock opened at $177.77 on Tuesday. The business’s fifty day moving average price is $201.52 and its 200 day moving average price is $192.97. Charles River Associates has a twelve month low of $152.57 and a twelve month high of $227.29. The stock has a market capitalization of $1.17 billion, a P/E ratio of 21.37, a PEG ratio of 1.31 and a beta of 0.91.

Insider Buying and Selling at Charles River Associates

In other news, EVP Jonathan D. Yellin sold 1,750 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $174.38, for a total transaction of $305,165.00. Following the completion of the sale, the executive vice president owned 15,573 shares in the company, valued at approximately $2,715,619.74. The trade was a 10.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CRAI has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Charles River Associates in a report on Monday, December 29th. Barrington Research raised their price target on Charles River Associates from $239.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Charles River Associates from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $245.00.

Charles River Associates Profile

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.