Pra Group (NASDAQ:PRAA)‘s stock had its “outperform” rating reissued by equities research analysts at William Blair in a report released on Tuesday. William Blair also issued estimates for Pra Group’s Q4 2018 earnings at $0.52 EPS and FY2020 earnings at $3.77 EPS.
Several other equities research analysts have also commented on the stock. Oppenheimer started coverage on shares of Pra Group in a research note on Monday, January 8th. They issued a “hold” rating for the company. Janney Montgomery Scott upgraded shares of Pra Group from a “sell” rating to a “neutral” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 21st. UBS Group started coverage on shares of Pra Group in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Finally, BidaskClub lowered shares of Pra Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.00.
Shares of Pra Group (NASDAQ PRAA) opened at $35.05 on Tuesday. The company has a market cap of $1,610.28, a PE ratio of 28.27 and a beta of 1.65. Pra Group has a one year low of $25.72 and a one year high of $42.13.
In other news, Director Penelope W. Kyle sold 1,975 shares of the firm’s stock in a transaction that occurred on Friday, 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 sale, the director now owns 36,425 shares in the company, valued at approximately $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 hedge funds have recently modified their holdings of the company. Turtle Creek Asset Management Inc. increased its stake in shares of Pra Group by 35.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock worth $170,638,000 after purchasing an additional 1,566,430 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Pra Group by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock worth $54,366,000 after purchasing an additional 152,883 shares during the last quarter. State Street Corp increased its stake in shares of Pra Group by 3.5% during the 2nd quarter. State Street Corp now owns 1,143,509 shares of the business services provider’s stock worth $43,341,000 after purchasing an additional 39,117 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Pra Group during the 3rd quarter worth approximately $18,167,000. Finally, Investment Counselors of Maryland LLC increased its stake 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 worth $17,700,000 after purchasing an additional 488,114 shares during the last quarter.
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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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