FDx Advisors Inc. Lowers Holdings in PRA Group (PRAA)

FDx Advisors Inc. cut its position in PRA Group (NASDAQ:PRAA) by 28.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,711 shares of the business services provider’s stock after selling 3,082 shares during the quarter. FDx Advisors Inc.’s holdings in PRA Group were worth $293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Frontier Capital Management Co. LLC bought a new stake in shares of PRA Group in the fourth quarter valued at $9,500,000. Sterling Capital Management LLC raised its stake in shares of PRA Group by 9.7% in the fourth quarter. Sterling Capital Management LLC now owns 62,229 shares of the business services provider’s stock valued at $2,066,000 after buying an additional 5,504 shares during the period. Eagle Asset Management Inc. raised its stake in shares of PRA Group by 1.2% in the fourth quarter. Eagle Asset Management Inc. now owns 139,641 shares of the business services provider’s stock valued at $4,684,000 after buying an additional 1,638 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of PRA Group in the fourth quarter valued at $516,000. Finally, Millennium Management LLC raised its stake in shares of PRA Group by 168.1% in the fourth quarter. Millennium Management LLC now owns 308,370 shares of the business services provider’s stock valued at $10,238,000 after buying an additional 193,368 shares during the period.

NASDAQ:PRAA opened at $40.10 on Friday. PRA Group has a 52-week low of $38.90 and a 52-week high of $39.25. The firm has a market cap of $1.75 billion, a P/E ratio of 30.15 and a beta of 1.46.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). PRA Group had a net margin of 16.29% and a return on equity of 5.88%. The company had revenue of $205.67 million for the quarter, compared to the consensus estimate of $195.56 million. research analysts anticipate that PRA Group will post 1.94 earnings per share for the current year.

PRAA has been the topic of several research reports. ValuEngine upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer restated a “hold” rating on shares of PRA Group in a research note on Thursday, May 10th. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Raymond James upgraded PRA Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.00.

About PRA Group

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

Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

Receive News & Ratings for PRA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Set Ameresco Inc  PT at $13.17
Brokerages Set Ameresco Inc PT at $13.17
Brokerages Set Gaia, Inc.  Target Price at $21.50
Brokerages Set Gaia, Inc. Target Price at $21.50
Brokerages Anticipate Chesapeake Energy Co.  Will Announce Earnings of $0.13 Per Share
Brokerages Anticipate Chesapeake Energy Co. Will Announce Earnings of $0.13 Per Share
Safe Exchange Coin  Trading Up 6.8% Over Last 7 Days
Safe Exchange Coin Trading Up 6.8% Over Last 7 Days
NevaCoin  Price Tops $0.0623 on Major Exchanges
NevaCoin Price Tops $0.0623 on Major Exchanges
$1.87 Billion in Sales Expected for American Axle  This Quarter
$1.87 Billion in Sales Expected for American Axle This Quarter


Leave a Reply

© 2006-2018 Ticker Report. Google+.