CRA International, Inc. (NASDAQ:CRAI) Short Interest Down 8.6% in July

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CRA International, Inc. (NASDAQ:CRAI) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 64,600 shares, a drop of 8.6% from the June 30th total of 70,700 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 62,500 shares, the days-to-cover ratio is presently 1.0 days.

CRAI has been the topic of a number of recent analyst reports. Barrington Research reiterated a “buy” rating and issued a $53.00 price objective on shares of CRA International in a research report on Friday, August 2nd. Zacks Investment Research lowered CRA International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 30th. TheStreet upgraded CRA International from a “c+” rating to a “b-” rating in a research report on Tuesday, August 6th. ValuEngine lowered CRA International from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Finally, BidaskClub upgraded CRA International from a “sell” rating to a “hold” rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.50.

Shares of NASDAQ CRAI traded down $0.12 during mid-day trading on Thursday, hitting $41.22. 91,700 shares of the stock traded hands, compared to its average volume of 54,571. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.08. CRA International has a 52 week low of $34.24 and a 52 week high of $58.75. The company has a market cap of $331.80 million, a price-to-earnings ratio of 14.99, a PEG ratio of 1.21 and a beta of 1.11. The stock has a fifty day moving average price of $39.95 and a 200-day moving average price of $43.50.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. CRA International had a return on equity of 11.76% and a net margin of 4.90%. The company had revenue of $110.60 million for the quarter, compared to analyst estimates of $110.95 million. During the same period in the previous year, the company posted $0.67 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that CRA International will post 2.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, August 26th. CRA International’s payout ratio is 29.09%.

A number of large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its stake in shares of CRA International by 360.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock worth $83,000 after purchasing an additional 1,288 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in CRA International during the first quarter valued at $92,000. SG Americas Securities LLC bought a new stake in CRA International during the first quarter valued at about $116,000. Metropolitan Life Insurance Co. NY grew its holdings in CRA International by 296.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,981 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 2,229 shares during the period. Finally, Sawgrass Asset Management LLC bought a new stake in CRA International during the first quarter valued at about $258,000. Institutional investors and hedge funds own 87.93% of the company’s stock.

CRA International Company Profile

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. 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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