CRA International, Inc. (NASDAQ:CRAI)
was in 7 hedge funds' portfolio at the end of the first quarter of 2013. CRAI investors should pay attention to an increase in enthusiasm from smart money in recent months. There were 6 hedge funds in our database with CRAI holdings at the end of the previous quarter.
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With these "truths" under our belt, let's take a look at the key action regarding CRA International, Inc. (NASDAQ:CRAI
Hedge fund activity in CRA International, Inc. (NASDAQ:CRAI)
In preparation for this quarter, a total of 7 of the hedge funds we track held long positions in this stock, a change of 17% from the first quarter. With the smart money's capital changing hands, there exists a few key hedge fund managers who were upping their holdings considerably.
When looking at the hedgies we track, Chuck Royce's Royce & Associates
had the most valuable position in CRA International, Inc. (NASDAQ:CRAI), worth close to $35.4 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is John Overdeck and David Siegel of Two Sigma Advisors
, with a $0.8 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other hedgies with similar optimism include D. E. Shaw's D E Shaw
, Jeffrey Vinik's Vinik Asset Management
and Cliff Asness's AQR Capital Management
As industrywide interest jumped, some big names have been driving this bullishness. Bryn Mawr Capital
, managed by Ken Gray and Steve Walsh, established the most valuable position in CRA International, Inc. (NASDAQ:CRAI). Bryn Mawr Capital had 0.3 million invested in the company at the end of the quarter. Jim Simons's Renaissance Technologies
also made a $0.2 million investment in the stock during the quarter.
How have insiders been trading CRA International, Inc. (NASDAQ:CRAI)?
Insider trading activity, especially when it's bullish, is at its handiest when the primary stock in question has experienced transactions within the past 180 days. Over the last 180-day time frame, CRA International, Inc. (NASDAQ:CRAI) has experienced zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here
Let's go over hedge fund and insider activity in other stocks similar to CRA International, Inc. (NASDAQ:CRAI). These stocks are ICF International Inc (NASDAQ:ICFI
), Resources Connection, Inc. (NASDAQ:RECN
), Standard Parking Corporation (NASDAQ:STAN
), Hill International Inc (NYSE:HIL
), and The Hackett Group, Inc. (NASDAQ:HCKT
). This group of stocks are the members of the management services industry and their market caps match CRAI's market cap.