CRA International, Inc. (NASDAQ:CRAI) EVP Jonathan D. Yellin sold 2,400 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $45.47, for a total value of $109,128.00. Following the completion of the sale, the executive vice president now owns 9,432 shares in the company, valued at $428,873.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
CRA International stock traded up $0.07 during midday trading on Friday, reaching $45.70. The stock had a trading volume of 39,591 shares, compared to its average volume of 30,433. CRA International, Inc. has a 12 month low of $40.76 and a 12 month high of $58.75. The stock has a market capitalization of $375.73 million, a P/E ratio of 23.93 and a beta of 0.98.
CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. CRA International had a return on equity of 11.16% and a net margin of 3.30%. The business had revenue of $103.87 million for the quarter, compared to analysts’ expectations of $102.90 million. During the same period in the previous year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in CRAI. Fuller & Thaler Asset Management Inc. raised its stake in CRA International by 53.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 60,142 shares of the business services provider’s stock valued at $3,061,000 after acquiring an additional 20,842 shares during the period. Sawgrass Asset Management LLC increased its position in shares of CRA International by 203.5% during the second quarter. Sawgrass Asset Management LLC now owns 21,090 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 14,140 shares during the period. Paloma Partners Management Co bought a new stake in shares of CRA International during the second quarter valued at about $279,000. Russell Investments Group Ltd. increased its position in shares of CRA International by 1.9% during the third quarter. Russell Investments Group Ltd. now owns 224,482 shares of the business services provider’s stock valued at $11,273,000 after buying an additional 4,127 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of CRA International by 58.8% during the second quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after buying an additional 2,307 shares during the period. Institutional investors and hedge funds own 85.12% of the company’s stock.
A number of equities research analysts recently issued reports on CRAI shares. ValuEngine cut CRA International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. BidaskClub cut CRA International from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. The company advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through critical business strategy and performance-related issues.
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