CRA International,Inc. (CRAI) Shares Sold by LSV Asset Management
LSV Asset Management lowered its holdings in CRA International,Inc. (NASDAQ:CRAI) by 48.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,000 shares of the business services provider’s stock after selling 123,446 shares during the quarter. LSV Asset Management owned 1.53% of CRA International,Inc. worth $4,685,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Falcon Point Capital LLC raised its position in CRA International,Inc. by 0.8% in the second quarter. Falcon Point Capital LLC now owns 44,669 shares of the business services provider’s stock valued at $1,622,000 after purchasing an additional 359 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of CRA International,Inc. by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 96,667 shares of the business services provider’s stock valued at $3,511,000 after buying an additional 2,258 shares during the period. Teachers Advisors LLC raised its holdings in shares of CRA International,Inc. by 18.3% in the 4th quarter. Teachers Advisors LLC now owns 20,470 shares of the business services provider’s stock valued at $749,000 after buying an additional 3,160 shares during the period. Geode Capital Management LLC raised its holdings in shares of CRA International,Inc. by 5.2% in the 1st quarter. Geode Capital Management LLC now owns 70,652 shares of the business services provider’s stock valued at $2,496,000 after buying an additional 3,517 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in shares of CRA International,Inc. in the 1st quarter valued at $145,000. Institutional investors own 86.72% of the company’s stock.
Several research firms recently issued reports on CRAI. BidaskClub downgraded CRA International,Inc. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a report on Monday, July 31st.
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Shares of CRA International,Inc. (NASDAQ:CRAI) opened at 38.28 on Monday. CRA International,Inc. has a 12-month low of $25.85 and a 12-month high of $40.00. The stock has a market cap of $314.81 million, a P/E ratio of 27.42 and a beta of 0.79. The company has a 50 day moving average price of $36.93 and a 200 day moving average price of $35.81.
CRA International,Inc. (NASDAQ:CRAI) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.07. CRA International,Inc. had a return on equity of 5.89% and a net margin of 3.47%. The firm had revenue of $93.56 million for the quarter, compared to analysts’ expectations of $88.77 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that CRA International,Inc. will post $1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 29th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, August 25th. CRA International,Inc.’s payout ratio is currently 40.29%.
About CRA International,Inc.
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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