Russell Investments Group Ltd. Has $7.94 Million Stake in CRA International,Inc. (CRAI)

Russell Investments Group Ltd. cut its stake in CRA International,Inc. (NASDAQ:CRAI) by 20.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,329 shares of the business services provider’s stock after selling 49,343 shares during the quarter. Russell Investments Group Ltd. owned about 2.38% of CRA International,Inc. worth $7,936,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in CRA International,Inc. during the 2nd quarter worth $156,000. Nordea Investment Management AB grew its stake in CRA International,Inc. by 31.7% during the 2nd quarter. Nordea Investment Management AB now owns 5,400 shares of the business services provider’s stock worth $196,000 after buying an additional 1,300 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in CRA International,Inc. during the 2nd quarter worth $444,000. New York State Common Retirement Fund grew its stake in CRA International,Inc. by 48.0% during the 2nd quarter. New York State Common Retirement Fund now owns 12,286 shares of the business services provider’s stock worth $446,000 after buying an additional 3,985 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in CRA International,Inc. by 5.2% during the 2nd quarter. Teachers Advisors LLC now owns 16,174 shares of the business services provider’s stock worth $587,000 after buying an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.

A number of analysts have commented on CRAI shares. BidaskClub cut CRA International,Inc. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. ValuEngine cut CRA International,Inc. from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut CRA International,Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th.

Shares of CRA International,Inc. (NASDAQ CRAI) opened at $44.89 on Friday. CRA International,Inc. has a 52-week low of $31.77 and a 52-week high of $47.30. The company has a market capitalization of $367.26, a PE ratio of 31.02 and a beta of 0.79.

CRA International,Inc. (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. CRA International,Inc. had a return on equity of 5.98% and a net margin of 3.39%. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $90.36 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. research analysts predict that CRA International,Inc. will post 1.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, November 27th. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. This is a boost from CRA International,Inc.’s previous quarterly dividend of $0.14. CRA International,Inc.’s payout ratio is currently 48.92%.

In other news, CFO Chad M. Holmes sold 1,700 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $43.17, for a total value of $73,389.00. Following the completion of the transaction, the chief financial officer now owns 11,055 shares of the company’s stock, valued at approximately $477,244.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rowland Moriarty sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $46.10, for a total value of $461,000.00. Following the completion of the transaction, the director now directly owns 38,471 shares of the company’s stock, valued at approximately $1,773,513.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $1,108,417. 4.70% of the stock is currently owned by insiders.

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CRA International,Inc. Company Profile

CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.

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

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