Pra Group Inc (NASDAQ:PRAA) – Stock analysts at William Blair increased their Q4 2018 earnings per share (EPS) estimates for shares of Pra Group in a research report issued to clients and investors on Tuesday. William Blair analyst R. Napoli now forecasts that the business services provider will earn $0.52 per share for the quarter, up from their previous forecast of $0.51. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Pra Group’s FY2020 earnings at $3.77 EPS.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Pra Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Pra Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. UBS Group assumed coverage on Pra Group in a research report on Monday, January 8th. They set a “market perform” rating on the stock. Oppenheimer assumed coverage on Pra Group in a research report on Monday, January 8th. They set a “hold” rating on the stock. Finally, Janney Montgomery Scott raised Pra Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.00.
Shares of Pra Group (NASDAQ PRAA) traded down $0.60 on Thursday, reaching $35.05. The company’s stock had a trading volume of 373,800 shares, compared to its average volume of 312,373. The firm has a market cap of $1,610.28, a P/E ratio of 29.48 and a beta of 1.65. Pra Group has a 12 month low of $25.72 and a 12 month high of $42.13.
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 transaction of $66,063.75. Following the sale, the director now directly owns 36,425 shares in the company, valued at approximately $1,218,416.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Peregrine Capital Management LLC grew its position in shares of Pra Group by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 263,639 shares of the business services provider’s stock valued at $7,553,000 after acquiring an additional 5,344 shares during the period. Wells Fargo & Company MN grew its position in shares of Pra Group by 11.4% during the 3rd quarter. Wells Fargo & Company MN now owns 134,579 shares of the business services provider’s stock valued at $3,855,000 after acquiring an additional 13,745 shares during the period. Investment Counselors of Maryland LLC grew its position in shares of Pra Group by 376.4% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock valued at $17,700,000 after acquiring an additional 488,114 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Pra Group by 51.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 23,594 shares of the business services provider’s stock valued at $676,000 after acquiring an additional 7,982 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Pra Group during the 4th quarter valued at about $9,500,000.
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About Pra Group
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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