BidaskClub cut shares of Pra Group (NASDAQ:PRAA) from a hold rating to a sell rating in a research report released on Saturday, January 20th.
A number of other research firms also recently issued reports on PRAA. Zacks Investment Research raised Pra Group from a strong sell rating to a hold rating in a research report on Tuesday, November 21st. Janney Montgomery Scott downgraded Pra Group from a neutral rating to a sell rating in a research report on Wednesday, October 4th. Oppenheimer started coverage on Pra Group in a research note on Monday, January 8th. They set a hold rating for the company. UBS Group started coverage on Pra Group in a research note on Monday, January 8th. They set a market perform rating for the company. Finally, Keefe, Bruyette & Woods cut Pra Group from an outperform rating to a market perform rating and upped their price objective for the stock from $36.00 to $40.00 in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $40.00.
Pra Group (NASDAQ PRAA) traded up $1.25 on Friday, hitting $36.90. The stock had a trading volume of 232,958 shares, compared to its average volume of 320,441. Pra Group has a fifty-two week low of $25.72 and a fifty-two week high of $42.70. The company has a market cap of $1,619.31, a P/E ratio of 29.76 and a beta of 1.65.
In other news, Director Penelope W. Kyle sold 1,975 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.45, for a total value of $66,063.75. Following the completion of the transaction, the director now directly owns 36,425 shares in the company, valued at $1,218,416.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Pra Group by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 89,096 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 5,277 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in Pra Group by 116.1% during the fourth quarter. Osterweis Capital Management Inc. now owns 108,755 shares of the business services provider’s stock worth $3,611,000 after acquiring an additional 58,425 shares during the period. Geode Capital Management LLC grew its holdings in Pra Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 406,062 shares of the business services provider’s stock worth $13,481,000 after acquiring an additional 2,229 shares during the period. Amalgamated Bank acquired a new stake in Pra Group during the fourth quarter worth about $215,000. Finally, Carillon Tower Advisers Inc. acquired a new stake in Pra Group during the fourth quarter worth about $346,000.
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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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