Hsbc Holdings PLC Takes $1.03 Million Position in Charles River Associates $CRAI

Key Points

• Hsbc Holdings PLC acquired 7,334 shares of Charles River Associates in the second quarter, worth approximately $1.03 million. Institutional investors and hedge funds collectively own 84.13% of CRAI.
• CRAI reported quarterly earnings of $2.16 per share, slightly exceeding estimates, while revenue of $210.81 million surpassed expectations of $198.91 million.
• The stock traded at $172.48, with analysts maintaining a “Moderate Buy” consensus and a $245 target price. Charles River Associates also announced a quarterly dividend of $0.57 per share, representing a 1.3% yield.

Hsbc Holdings PLC acquired a new position in Charles River Associates (NASDAQ:CRAI - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,334 shares of the business services provider's stock, valued at approximately $1,029,000. Hsbc Holdings PLC owned approximately 0.12% of Charles River Associates at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Charles River Associates during the second quarter valued at $91,500,000. Rice Hall James & Associates LLC bought a new position in Charles River Associates in the 2nd quarter valued at about $11,066,000. SG Americas Securities LLC grew its position in Charles River Associates by 86.6% in the 1st quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider's stock valued at $17,052,000 after buying an additional 48,892 shares in the last quarter. Weber Capital Management LLC ADV acquired a new position in Charles River Associates during the 2nd quarter valued at about $5,351,334. Finally, Bank of New York Mellon Corp acquired a new position in Charles River Associates during the 2nd quarter valued at about $5,318,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Charles River Associates in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $245.00.

Charles River Associates Stock Performance

CRAI opened at $172.48 on Wednesday. Charles River Associates has a one year low of $132.17 and a one year high of $227.29. The stock's fifty day moving average is $166.69 and its 200-day moving average is $159.32. The company has a market capitalization of $1.08 billion, a PE ratio of 22.97, a P/E/G ratio of 1.29 and a beta of 0.65.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.01. Charles River Associates had a return on equity of 27.31% and a net margin of 6.20%.The business had revenue of $210.81 million during the quarter, compared to analysts' expectations of $198.91 million. On average, equities research analysts forecast that Charles River Associates will post 8.43 EPS for the current fiscal year.

Charles River Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, August 25th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 25th. Charles River Associates's payout ratio is presently 30.36%.

Insider Buying and Selling

In related news, EVP Jonathan D. Yellin sold 2,250 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $173.25, for a total transaction of $389,812.50. Following the completion of the sale, the executive vice president directly owned 11,153 shares of the company's stock, valued at $1,932,257.25. This represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.50% of the stock is currently owned by corporate insiders.

Charles River Associates Profile

Charles River Associates NASDAQ: CRAI is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients' needs.

The firm's service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.

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