Bank of New York Mellon Corp lowered its position in shares of CRA International Inc. (NASDAQ:CRAI) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 69,820 shares of the company’s stock after selling 594 shares during the period. Bank of New York Mellon Corp owned about 0.80% of CRA International worth $1,762,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Falcon Point Capital LLC acquired a new position in CRA International during the second quarter worth about $905,000. Thomson Horstmann & Bryant Inc. increased its position in CRA International by 44.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 372,984 shares of the company’s stock worth $9,406,000 after buying an additional 114,480 shares in the last quarter. Foundry Partners LLC increased its position in CRA International by 0.3% in the second quarter. Foundry Partners LLC now owns 166,850 shares of the company’s stock worth $4,208,000 after buying an additional 475 shares in the last quarter. Osmium Partners LLC increased its position in CRA International by 14.1% in the first quarter. Osmium Partners LLC now owns 474,229 shares of the company’s stock worth $9,314,000 after buying an additional 58,566 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in CRA International during the first quarter worth about $142,000. Institutional investors own 85.28% of the company’s stock.
Shares of CRA International Inc. (NASDAQ:CRAI) traded down 2.56% on Friday, hitting $26.99. 44,468 shares of the company’s stock were exchanged. The stock has a market cap of $220.89 million, a price-to-earnings ratio of 26.36 and a beta of 0.68. CRA International Inc. has a 12-month low of $16.25 and a 12-month high of $31.31. The company’s 50-day moving average price is $27.02 and its 200 day moving average price is $24.47.
CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, July 28th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $82.60 million for the quarter, compared to the consensus estimate of $78.69 million. CRA International had a net margin of 2.94% and a return on equity of 4.41%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that CRA International Inc. will post $1.30 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
About CRA International
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. It operates in two segments: consulting services and NeuCo It offers consulting services in areas, including litigation, regulatory and financial consulting, and management consulting.
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