CRA International, Inc. (CRAI) EVP Sells $109,128.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) EVP Jonathan D. Yellin sold 2,400 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $45.47, for a total transaction of $109,128.00. Following the completion of the sale, the executive vice president now directly owns 9,432 shares in the company, valued at $428,873.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:CRAI traded up $0.07 during trading hours on Friday, reaching $45.70. The stock had a trading volume of 39,591 shares, compared to its average volume of 46,462. The company has a market cap of $363.74 million, a PE ratio of 23.93 and a beta of 0.98. CRA International, Inc. has a 1 year low of $40.76 and a 1 year high of $58.75.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The firm had revenue of $103.87 million for the quarter, compared to the consensus estimate of $102.90 million. CRA International had a net margin of 3.30% and a return on equity of 11.16%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS.

A number of brokerages have commented on CRAI. BidaskClub downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. ValuEngine downgraded shares of CRA International from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of CRAI. Sawgrass Asset Management LLC grew its position in shares of CRA International by 203.5% in the 2nd quarter. Sawgrass Asset Management LLC now owns 21,090 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 14,140 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of CRA International by 53.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 60,142 shares of the business services provider’s stock valued at $3,061,000 after buying an additional 20,842 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of CRA International in the 2nd quarter valued at $279,000. MetLife Investment Advisors LLC grew its position in shares of CRA International by 74.4% in the 2nd quarter. MetLife Investment Advisors LLC now owns 4,929 shares of the business services provider’s stock valued at $251,000 after buying an additional 2,102 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of CRA International by 58.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after buying an additional 2,307 shares during the last quarter. 85.12% of the stock is currently owned by hedge funds and other institutional investors.

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About CRA International

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. The company advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through critical business strategy and performance-related issues.

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