Municipal Employees Retirement System of Michigan held its position in shares of CRA International,Inc. (NASDAQ:CRAI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,270 shares of the company’s stock at the end of the third quarter. Municipal Employees Retirement System of Michigan owned approximately 0.25% of CRA International,Inc. worth $539,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC raised its stake in CRA International,Inc. by 15.3% in the third quarter. Teachers Advisors LLC now owns 17,310 shares of the company’s stock valued at $460,000 after buying an additional 2,294 shares during the period. LSV Asset Management raised its stake in CRA International,Inc. by 6.6% in the third quarter. LSV Asset Management now owns 241,090 shares of the company’s stock valued at $6,410,000 after buying an additional 14,900 shares during the period. Nationwide Fund Advisors raised its stake in CRA International,Inc. by 54.3% in the third quarter. Nationwide Fund Advisors now owns 29,853 shares of the company’s stock valued at $794,000 after buying an additional 10,500 shares during the period. Foundry Partners LLC raised its stake in CRA International,Inc. by 1.1% in the third quarter. Foundry Partners LLC now owns 168,710 shares of the company’s stock valued at $4,486,000 after buying an additional 1,860 shares during the period. Finally, Piermont Capital Management Inc. purchased a new stake in CRA International,Inc. during the second quarter valued at approximately $1,573,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for CRA International,Inc. (NASDAQ:CRAI)

Shares of CRA International,Inc. (NASDAQ:CRAI) traded up 0.89% during midday trading on Friday, hitting $35.30. 39,395 shares of the stock traded hands. CRA International,Inc. has a 52 week low of $16.25 and a 52 week high of $37.48. The company’s 50-day moving average is $34.95 and its 200 day moving average is $29.03. The firm has a market capitalization of $292.04 million, a PE ratio of 32.84 and a beta of 0.83.

CRA International,Inc. (NASDAQ:CRAI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. CRA International,Inc. had a net margin of 3.00% and a return on equity of 4.62%. The business had revenue of $81.70 million for the quarter, compared to analyst estimates of $80.30 million. The company’s revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that CRA International,Inc. will post $1.37 earnings per share for the current year.

The firm also recently disclosed a special dividend, which was paid on Friday, December 16th. Investors of record on Sunday, November 20th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 16th. CRA International,Inc.’s payout ratio is currently 51.38%.

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Separately, Zacks Investment Research lowered shares of CRA International,Inc. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.

In related news, EVP Arnold J. Lowenstein sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $33.00, for a total transaction of $66,000.00. Following the sale, the executive vice president now owns 34,747 shares of the company’s stock, valued at $1,146,651. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Chad M. Holmes sold 2,088 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $29.11, for a total transaction of $60,781.68. Following the sale, the chief financial officer now directly owns 9,575 shares in the company, valued at approximately $278,728.25. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

CRA International,Inc. Company Profile

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.

5 Day Chart for NASDAQ:CRAI

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