StockNews.com Lowers PRA Group (NASDAQ:PRAA) to Hold

StockNews.com cut shares of PRA Group (NASDAQ:PRAAFree Report) from a buy rating to a hold rating in a report released on Thursday morning.

Separately, JMP Securities reiterated a market outperform rating and set a $33.00 price objective on shares of PRA Group in a research report on Tuesday, May 7th.

Read Our Latest Analysis on PRAA

PRA Group Trading Down 0.4 %

PRAA stock opened at $24.96 on Thursday. The business’s fifty day moving average price is $24.81 and its two-hundred day moving average price is $23.20. PRA Group has a fifty-two week low of $11.85 and a fifty-two week high of $31.43.

PRA Group (NASDAQ:PRAAGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The business services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.24. The firm had revenue of $255.59 million for the quarter, compared to analysts’ expectations of $233.37 million. PRA Group had a negative return on equity of 1.76% and a negative net margin of 2.37%. The company’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same quarter last year, the business earned ($1.50) EPS. Equities analysts predict that PRA Group will post 0.7 EPS for the current fiscal year.

Insider Transactions at PRA Group

In other news, CEO Vikram A. Atal sold 5,830 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.39, for a total transaction of $142,193.70. Following the sale, the chief executive officer now directly owns 155,625 shares of the company’s stock, valued at approximately $3,795,693.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Trading of PRA Group

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of PRA Group by 11.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock worth $103,000 after purchasing an additional 419 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in PRA Group by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 34,176 shares of the business services provider’s stock valued at $891,000 after buying an additional 504 shares in the last quarter. CWM LLC boosted its stake in PRA Group by 90.5% in the fourth quarter. CWM LLC now owns 1,189 shares of the business services provider’s stock valued at $31,000 after buying an additional 565 shares in the last quarter. Swiss National Bank boosted its stake in PRA Group by 1.5% in the third quarter. Swiss National Bank now owns 86,200 shares of the business services provider’s stock valued at $1,656,000 after buying an additional 1,300 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its stake in PRA Group by 10.7% in the first quarter. Quadrature Capital Ltd now owns 19,167 shares of the business services provider’s stock valued at $500,000 after buying an additional 1,846 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Company Profile

(Get Free Report)

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.

Further Reading

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