CRA International (NASDAQ:CRAI) Stock Rating Lowered by StockNews.com

CRA International (NASDAQ:CRAI) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

CRA International Trading Up 0.1 %

CRAI stock traded up $0.22 during mid-day trading on Friday, reaching $153.82. The company’s stock had a trading volume of 28,076 shares, compared to its average volume of 31,094. CRA International has a fifty-two week low of $81.29 and a fifty-two week high of $162.99. The stock has a market cap of $1.06 billion, a PE ratio of 28.49, a P/E/G ratio of 1.59 and a beta of 1.22. The company’s 50 day moving average is $141.76 and its two-hundred day moving average is $114.79.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.53. CRA International had a return on equity of 19.01% and a net margin of 6.17%. The business had revenue of $161.61 million during the quarter, compared to analysts’ expectations of $149.51 million. On average, analysts forecast that CRA International will post 5.88 earnings per share for the current fiscal year.

Insider Transactions at CRA International

In other news, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $138.05, for a total value of $138,050.00. Following the completion of the sale, the director now owns 15,504 shares in the company, valued at approximately $2,140,327.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $138.05, for a total value of $138,050.00. Following the sale, the director now owns 15,504 shares of the company’s stock, valued at $2,140,327.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan D. Yellin sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $136.62, for a total transaction of $170,775.00. Following the sale, the executive vice president now owns 21,587 shares in the company, valued at approximately $2,949,215.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,750 shares of company stock worth $1,487,085. Company insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Foundry Partners LLC raised its position in shares of CRA International by 7.5% during the fourth quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock worth $4,602,000 after purchasing an additional 3,245 shares during the period. Spinnaker Trust bought a new position in shares of CRA International during the 4th quarter worth about $1,953,000. Isthmus Partners LLC raised its position in shares of CRA International by 5.7% during the fourth quarter. Isthmus Partners LLC now owns 18,462 shares of the business services provider’s stock valued at $1,825,000 after buying an additional 989 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of CRA International by 2.0% in the fourth quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 206 shares during the period. Finally, Dearborn Partners LLC grew its position in CRA International by 46.2% during the third quarter. Dearborn Partners LLC now owns 7,928 shares of the business services provider’s stock worth $799,000 after buying an additional 2,504 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

CRA International Company Profile

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.