New York State Common Retirement Fund Increases Stake in Charles River Associates $CRAI

New York State Common Retirement Fund grew its position in Charles River Associates (NASDAQ:CRAI) by 154.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,995 shares of the business services provider’s stock after acquiring an additional 3,638 shares during the period. New York State Common Retirement Fund owned about 0.09% of Charles River Associates worth $1,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Charles River Associates by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 171,401 shares of the business services provider’s stock valued at $32,120,000 after purchasing an additional 3,138 shares in the last quarter. CSM Advisors LLC purchased a new stake in shares of Charles River Associates in the second quarter valued at approximately $4,923,000. Jump Financial LLC grew its holdings in Charles River Associates by 422.5% during the second quarter. Jump Financial LLC now owns 18,950 shares of the business services provider’s stock worth $3,551,000 after acquiring an additional 15,323 shares during the period. Quantbot Technologies LP raised its position in Charles River Associates by 259.5% in the second quarter. Quantbot Technologies LP now owns 7,482 shares of the business services provider’s stock worth $1,402,000 after acquiring an additional 5,401 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Charles River Associates in the first quarter valued at $27,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Charles River Associates Trading Down 3.9%

Shares of CRAI opened at $177.77 on Tuesday. Charles River Associates has a 12-month low of $152.57 and a 12-month high of $227.29. The stock has a market cap of $1.17 billion, a P/E ratio of 21.37, a PEG ratio of 1.31 and a beta of 0.91. The company has a 50-day moving average of $201.52 and a two-hundred day moving average of $192.97.

Insider Activity

In related news, EVP Jonathan D. Yellin sold 1,750 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $174.38, for a total value of $305,165.00. Following the sale, the executive vice president owned 15,573 shares of the company’s stock, valued at approximately $2,715,619.74. This represents a 10.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CRAI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Charles River Associates in a research note on Monday, December 29th. Wall Street Zen lowered shares of Charles River Associates from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Barrington Research lifted their price target on shares of Charles River Associates from $239.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Charles River Associates has a consensus rating of “Buy” and an average target price of $245.00.

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.