CRA International (NASDAQ:CRAI) Trading Down 11.5%

CRA International, Inc. (NASDAQ:CRAI) shares fell 11.5% during trading on Thursday . The stock traded as low as $153.11 and last traded at $154.67. 34,326 shares were traded during mid-day trading, a decline of 7% from the average session volume of 36,782 shares. The stock had previously closed at $174.80.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $186.00 price objective on shares of CRA International in a report on Tuesday, June 11th. StockNews.com cut CRA International from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

CRA International Price Performance

The stock has a 50-day simple moving average of $174.90 and a 200-day simple moving average of $148.91. The stock has a market cap of $1.05 billion, a PE ratio of 28.56, a P/E/G ratio of 1.82 and a beta of 1.17.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.39 by $0.57. The business had revenue of $171.79 million for the quarter, compared to analysts’ expectations of $160.67 million. CRA International had a return on equity of 20.80% and a net margin of 6.73%. As a group, equities research analysts anticipate that CRA International, Inc. will post 6.19 EPS for the current year.

Insider Activity

In other news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $180.86, for a total value of $1,356,450.00. Following the transaction, the chief executive officer now directly owns 166,712 shares of the company’s stock, valued at $30,151,532.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Christine Rose Detrick sold 2,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $164.06, for a total value of $410,150.00. Following the completion of the sale, the director now directly owns 4,743 shares in the company, valued at $778,136.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $180.86, for a total value of $1,356,450.00. Following the completion of the transaction, the chief executive officer now owns 166,712 shares in the company, valued at approximately $30,151,532.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,000 shares of company stock valued at $1,940,610. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CRA International

Several institutional investors have recently modified their holdings of CRAI. Foundry Partners LLC increased its position in shares of CRA International by 7.5% during the 4th 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 last quarter. Spinnaker Trust bought a new stake in shares of CRA International in the 4th quarter valued at about $1,953,000. BNP Paribas Financial Markets grew its position in shares of CRA International by 2.0% in the 4th 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 last quarter. Isthmus Partners LLC boosted its position in shares of CRA International by 5.7% during the 4th quarter. Isthmus Partners LLC now owns 18,462 shares of the business services provider’s stock valued at $1,825,000 after purchasing an additional 989 shares in the last quarter. Finally, Bridge City Capital LLC boosted its holdings in CRA International by 4.9% in the first quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock worth $719,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.

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.