CRA International, Inc. (NASDAQ:CRAI) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its position in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) by 68.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,489 shares of the business services provider's stock after selling 5,425 shares during the period. Tudor Investment Corp ET AL's holdings in CRA International were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CRAI. MetLife Investment Management LLC grew its position in CRA International by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider's stock valued at $745,000 after acquiring an additional 250 shares during the last quarter. United Capital Financial Advisors LLC bought a new position in shares of CRA International during the 4th quarter worth $9,389,000. Foundry Partners LLC grew its position in shares of CRA International by 56.0% during the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider's stock worth $5,450,000 after buying an additional 10,455 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of CRA International during the 4th quarter worth $281,000. Finally, Summit Global Investments bought a new position in shares of CRA International during the 4th quarter worth $656,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

CRA International Price Performance

NASDAQ:CRAI traded up $0.64 during trading hours on Monday, reaching $187.64. The company had a trading volume of 52,605 shares, compared to its average volume of 42,007. The firm has a market cap of $1.28 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. The business's 50 day moving average price is $171.89 and its 200-day moving average price is $183.70. CRA International, Inc. has a 1-year low of $133.54 and a 1-year high of $214.01.

CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $1.93 by $0.29. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The firm had revenue of $181.85 million during the quarter, compared to analysts' expectations of $176.63 million. On average, analysts expect that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, May 27th. CRA International's dividend payout ratio is presently 26.45%.

Insider Activity at CRA International

In related news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the sale, the director now directly owns 14,669 shares in the company, valued at $2,919,864.45. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $176.28, for a total value of $1,322,100.00. Following the sale, the chief executive officer now owns 142,022 shares in the company, valued at approximately $25,035,638.16. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,850 shares of company stock worth $3,902,083 in the last three months. 4.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Barrington Research lifted their target price on CRA International from $212.00 to $224.00 and gave the company an "outperform" rating in a research note on Monday, February 24th.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.