CRA International (NASDAQ:CRAI) Stock Price Down 7.9% – Here’s Why

CRA International, Inc. (NASDAQ:CRAI) shares were down 7.9% on Thursday . The company traded as low as $178.62 and last traded at $178.87. Approximately 14,197 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 37,449 shares. The stock had previously closed at $194.28.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th.

CRA International Stock Down 9.0 %

The company’s 50-day moving average price is $174.61 and its 200-day moving average price is $169.30. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.66 and a beta of 1.14.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.34. The company had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. CRA International had a net margin of 6.17% and a return on equity of 22.37%. During the same period in the prior year, the firm posted $1.42 EPS. On average, sell-side analysts predict that CRA International, Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Activity at CRA International

In other news, CFO Daniel K. Mahoney sold 1,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the transaction, the chief financial officer now owns 11,624 shares in the company, valued at approximately $1,804,161.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Daniel K. Mahoney sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $155.21, for a total transaction of $155,210.00. Following the transaction, the chief financial officer now directly owns 11,624 shares in the company, valued at $1,804,161.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the completion of the sale, the chief executive officer now directly owns 159,212 shares of the company’s stock, valued at $25,208,035.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock valued at $1,695,720 over the last three months. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of CRA International during the 1st quarter worth approximately $115,000. Russell Investments Group Ltd. lifted its holdings in shares of CRA International by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 1,912 shares in the last quarter. Isthmus Partners LLC lifted its stake in shares of CRA International by 55.3% during the first quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after purchasing an additional 10,213 shares in the last quarter. Dearborn Partners LLC grew its position in CRA International by 22.2% in the first quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider’s stock valued at $1,447,000 after acquiring an additional 1,757 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after buying an additional 117 shares in the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

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.