California State Teachers Retirement System lowered its stake in shares of CRA International Inc. (NASDAQ:CRAI) by 6.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,319 shares of the company’s stock after selling 1,285 shares during the period. California State Teachers Retirement System owned about 0.21% of CRA International worth $462,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Falcon Point Capital LLC acquired a new position in CRA International during the second quarter valued at $905,000. Thomson Horstmann & Bryant Inc. boosted 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 valued at $9,406,000 after buying an additional 114,480 shares during the period. Foundry Partners LLC boosted 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 valued at $4,208,000 after buying an additional 475 shares during the period. Osmium Partners LLC boosted 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 valued at $9,314,000 after buying an additional 58,566 shares during the period. Finally, Metropolitan Life Insurance Co. NY acquired a new position in CRA International during the first quarter valued at $142,000. Institutional investors and hedge funds own 85.28% of the company’s stock.
CRA International Inc. (NASDAQ:CRAI) traded down 1.06% during midday trading on Tuesday, reaching $26.96. The company’s stock had a trading volume of 13,957 shares. The firm has a market cap of $220.64 million, a P/E ratio of 26.33 and a beta of 0.68. CRA International Inc. has a 52-week low of $16.25 and a 52-week high of $31.31. The firm has a 50 day moving average of $27.04 and a 200 day moving average of $24.59.
CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, July 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm earned $82.60 million during the quarter, compared to the consensus estimate of $78.69 million. CRA International had a return on equity of 4.41% and a net margin of 2.94%. CRA International’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that CRA International Inc. will post $1.30 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded CRA International from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Monday, August 1st.
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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