Pra Group (PRAA) Stock Rating Lowered by BidaskClub

Pra Group (NASDAQ:PRAA) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

PRAA has been the subject of a number of other reports. Zacks Investment Research cut shares of Pra Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Janney Montgomery Scott raised shares of Pra Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Oppenheimer started coverage on shares of Pra Group in a research report on Monday, January 8th. They issued a “hold” rating for the company. Finally, UBS Group started coverage on shares of Pra Group in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.00.

Pra Group (PRAA) opened at $35.80 on Wednesday. The firm has a market cap of $1,583.18, a PE ratio of 54.77 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 company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Turtle Creek Asset Management Inc. raised its stake in shares of Pra Group by 35.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock valued at $170,638,000 after purchasing an additional 1,566,430 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Pra Group by 8.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock valued at $54,366,000 after purchasing an additional 152,883 shares in the last quarter. State Street Corp raised its stake in shares of Pra Group by 3.5% in the 2nd quarter. State Street Corp now owns 1,143,509 shares of the business services provider’s stock valued at $43,341,000 after purchasing an additional 39,117 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Pra Group in the 3rd quarter valued at about $18,167,000. Finally, Investment Counselors of Maryland LLC raised its stake in shares of Pra Group by 376.4% in 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 purchasing an additional 488,114 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/23/pra-group-praa-stock-rating-lowered-by-bidaskclub.html.

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.

Analyst Recommendations for Pra Group (NASDAQ:PRAA)

Receive News & Ratings for Pra Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pra Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply