PRA Group, Inc. (NASDAQ:PRAA – Get Free Report) has received a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.00.
A number of research analysts have recently commented on PRAA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a report on Wednesday. Wall Street Zen downgraded shares of PRA Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th.
Read Our Latest Stock Analysis on PRA Group
PRA Group Stock Performance
PRA Group (NASDAQ:PRAA – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. The business had revenue of $314.53 million for the quarter, compared to analyst estimates of $295.90 million. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%. Research analysts forecast that PRA Group will post 2.52 earnings per share for the current year.
Institutional Trading of PRA Group
A number of hedge funds have recently bought and sold shares of PRAA. Topline Capital Management LLC boosted its holdings in PRA Group by 168.3% in the 2nd quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider’s stock valued at $33,197,000 after purchasing an additional 1,411,707 shares during the period. Millennium Management LLC boosted its holdings in PRA Group by 242.6% in the 4th quarter. Millennium Management LLC now owns 464,320 shares of the business services provider’s stock valued at $8,214,000 after purchasing an additional 328,804 shares during the period. Jane Street Group LLC boosted its holdings in PRA Group by 256.7% in the 4th quarter. Jane Street Group LLC now owns 397,207 shares of the business services provider’s stock valued at $7,027,000 after purchasing an additional 285,858 shares during the period. Ameriprise Financial Inc. boosted its holdings in PRA Group by 130.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 428,135 shares of the business services provider’s stock valued at $6,315,000 after purchasing an additional 242,721 shares during the period. Finally, UBS Group AG boosted its holdings in PRA Group by 87.2% in the 4th quarter. UBS Group AG now owns 346,436 shares of the business services provider’s stock valued at $6,128,000 after purchasing an additional 161,407 shares during the period. 97.22% of the stock is owned by institutional investors.
About PRA Group
PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.
The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.
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