CRA International, Inc. (NASDAQ:CRAI) Sees Large Increase in Short Interest

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CRA International, Inc. (NASDAQ:CRAI) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 96,000 shares, a growth of 48.6% from the July 31st total of 64,600 shares. Based on an average daily volume of 60,900 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the shares of the company are short sold.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRAI. BNP Paribas Arbitrage SA grew its holdings in shares of CRA International by 360.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock worth $83,000 after acquiring an additional 1,288 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CRA International in the 1st quarter worth approximately $116,000. Sawgrass Asset Management LLC acquired a new stake in shares of CRA International in the 1st quarter worth approximately $258,000. Martingale Asset Management L P grew its holdings in shares of CRA International by 22.7% in the 1st quarter. Martingale Asset Management L P now owns 50,204 shares of the business services provider’s stock worth $2,538,000 after acquiring an additional 9,301 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of CRA International in the 1st quarter worth approximately $92,000. Institutional investors and hedge funds own 84.74% of the company’s stock.

Shares of CRAI stock traded down $0.08 during trading hours on Thursday, reaching $40.51. 448 shares of the company’s stock were exchanged, compared to its average volume of 54,546. The company has a market cap of $309.83 million, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.13 and a beta of 1.10. The company’s 50 day moving average is $40.89 and its two-hundred day moving average is $43.20. CRA International has a 1 year low of $34.24 and a 1 year high of $55.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.08 and a quick ratio of 1.08.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $110.60 million during the quarter, compared to the consensus estimate of $110.95 million. CRA International had a return on equity of 11.76% and a net margin of 4.90%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. As a group, analysts predict that CRA International will post 2.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Monday, August 26th. CRA International’s dividend payout ratio is currently 29.09%.

Several research firms have recently weighed in on CRAI. Barrington Research reissued a “buy” rating and issued a $53.00 target price on shares of CRA International in a report on Friday, August 2nd. BidaskClub raised CRA International from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Finally, TheStreet raised CRA International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.50.

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. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.

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