Emerald Acquisition Ltd. bought a new position in shares of CRA International Inc. (NASDAQ:CRAI) during the second quarter, Holdings Channel reports. The firm bought 117,315 shares of the company’s stock, valued at approximately $2,958,000. Emerald Acquisition Ltd. owned 1.35% of CRA International as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Osmium Partners LLC raised its stake in CRA International by 14.1% in the first quarter. Osmium Partners LLC now owns 474,229 shares of the company’s stock worth $9,314,000 after buying an additional 58,566 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in shares of CRA International by 44.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 372,984 shares of the company’s stock valued at $9,406,000 after buying an additional 114,480 shares during the last quarter. Foundry Partners LLC raised its stake in shares of CRA International by 0.3% in the second quarter. Foundry Partners LLC now owns 166,850 shares of the company’s stock valued at $4,208,000 after buying an additional 475 shares during the last quarter. Falcon Point Capital LLC purchased a new stake in shares of CRA International during the second quarter valued at $905,000. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of CRA International during the first quarter valued at $142,000. 85.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CRA International Inc. (NASDAQ:CRAI) traded down 0.26% during mid-day trading on Friday, hitting $27.26. The stock had a trading volume of 19,910 shares. CRA International Inc. has a 52 week low of $16.25 and a 52 week high of $31.31. The stock has a market capitalization of $223.10 million, a P/E ratio of 26.62 and a beta of 0.80. The stock has a 50 day moving average of $26.88 and a 200-day moving average of $23.96.
CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. CRA International had a return on equity of 4.41% and a net margin of 2.94%. The firm earned $82.60 million during the quarter, compared to the consensus estimate of $78.69 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that CRA International Inc. will post $1.30 earnings per share for the current year.
Separately, Zacks Investment Research raised CRA International from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Monday, August 1st.
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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