CRA International Inc. (CRAI) Position Boosted by California Public Employees Retirement System
California Public Employees Retirement System boosted its position in shares of CRA International Inc. (NASDAQ:CRAI) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,800 shares of the company’s stock after buying an additional 2,400 shares during the period. California Public Employees Retirement System owned approximately 0.70% of CRA International worth $1,533,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY purchased a new stake in CRA International during the first quarter worth approximately $142,000. Falcon Point Capital LLC purchased a new stake in CRA International during the second quarter worth approximately $905,000. Emerald Acquisition Ltd. purchased a new stake in CRA International during the second quarter worth approximately $2,958,000. Foundry Partners LLC raised its stake 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. Finally, Thomson Horstmann & Bryant Inc. raised its stake 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. Institutional investors own 85.28% of the company’s stock.
Shares of CRA International Inc. (NASDAQ:CRAI) traded down 1.14% on Tuesday, reaching $26.94. 11,034 shares of the company’s stock traded hands. CRA International Inc. has a 12-month low of $16.25 and a 12-month high of $31.31. The stock has a 50-day moving average of $27.04 and a 200 day moving average of $24.59. The firm has a market cap of $220.48 million, a P/E ratio of 26.31 and a beta of 0.68.
CRA International (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $82.60 million for the quarter, compared to analysts’ expectations of $78.69 million. CRA International had a net margin of 2.94% and a return on equity of 4.41%. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that CRA International Inc. will post $1.30 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of CRA International from a “buy” rating to a “hold” rating in a 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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