UBS Group initiated coverage on shares of Pra Group (NASDAQ:PRAA) in a research report released on Monday morning, The Fly reports. The firm issued a market perform rating on the business services provider’s stock.
PRAA has been the topic of several other research reports. Keefe, Bruyette & Woods cut shares of Pra Group from an outperform rating to a market perform rating and raised their target price for the stock from $36.00 to $40.00 in a report on Tuesday, October 10th. Janney Montgomery Scott upgraded shares of Pra Group from a sell rating to a neutral rating in a research report on Thursday, November 9th. Citigroup downgraded shares of Pra Group to an underperform rating in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of Pra Group from a strong sell rating to a hold rating in a research report on Tuesday, November 21st. Finally, Raymond James Financial reiterated an underperform rating on shares of Pra Group in a research report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $40.00.
Shares of Pra Group (NASDAQ:PRAA) traded up $0.05 on Monday, reaching $35.45. 277,481 shares of the company’s stock were exchanged, compared to its average volume of 319,873. The stock has a market capitalization of $1,610.00, a PE ratio of 28.36 and a beta of 1.59. Pra Group has a twelve month low of $25.72 and a twelve month high of $42.70.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The firm had revenue of $201.00 million for the quarter, compared to analysts’ expectations of $196.96 million. During the same quarter in the previous year, the company earned $0.68 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. equities research analysts anticipate that Pra Group will post 1.38 earnings per share for the current fiscal year.
In related news, Director Penelope W. Kyle sold 1,975 shares of the firm’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $33.45, for a total transaction of $66,063.75. Following the completion of the transaction, the director now directly owns 36,425 shares of the company’s stock, valued at $1,218,416.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Pra Group by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after buying an additional 304 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Pra Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock worth $119,000 after buying an additional 305 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Pra Group in the 3rd quarter worth $121,000. Advisor Group Inc. grew its stake in shares of Pra Group by 3.5% in the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after buying an additional 196 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Pra Group by 2.5% during the 2nd quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock worth $242,000 after purchasing an additional 154 shares during the period.
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Pra Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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