PRA Group, Inc. (NASDAQ:PRAA) Stock Now Rated “Hold” by Sell-Side Analysts

PRA Group, Inc. (NASDAQ:PRAA) has received an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.00.

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of PRA Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of PRA Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. Finally, Zacks Research lowered shares of PRA Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th.

Institutional Trading of PRA Group

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in PRA Group in the second quarter valued at $84,183,000. Wellington Management Group LLP boosted its stake in shares of PRA Group by 10.3% during the 2nd quarter. Wellington Management Group LLP now owns 827,720 shares of the business services provider’s stock worth $15,718,000 after acquiring an additional 77,188 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of PRA Group by 401.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 601,444 shares of the business services provider’s stock worth $11,421,000 after acquiring an additional 481,538 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of PRA Group by 288.0% during the 2nd quarter. Susquehanna International Group LLP now owns 200,848 shares of the business services provider’s stock worth $3,814,000 after acquiring an additional 149,078 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of PRA Group by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 189,572 shares of the business services provider’s stock valued at $3,318,000 after acquiring an additional 3,606 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Trading Down 2.7%

PRAA opened at $19.49 on Friday. PRA Group has a 12-month low of $10.25 and a 12-month high of $22.55. The firm has a market capitalization of $733.80 million, a PE ratio of -2.90 and a beta of 1.13. The firm has a 50 day moving average of $19.65 and a two-hundred day moving average of $17.53.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $0.52 by $0.99. The business had revenue of $372.17 million during the quarter, compared to analysts’ expectations of $299.99 million. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. As a group, analysts predict that PRA Group will post 3.93 EPS for the current fiscal year.

About PRA Group

PRA Group, Inc is a global financial services company that purchases and manages portfolios of defaulted consumer accounts. The company works with individuals to help resolve outstanding obligations and provides account management, customer service and debt recovery solutions for acquired portfolios.

The company serves consumers and financial institutions across North America, Europe and Australia. Its activities include acquiring nonperforming consumer debt from banks, credit card companies and other financial institutions, as well as servicing portfolios on behalf of third parties in selected markets.

PRA Group was founded in 1996 and is headquartered in Norfolk, Virginia.