Rhumbline Advisers lifted its stake in Pra Group Inc (NASDAQ:PRAA) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,675 shares of the business services provider’s stock after purchasing an additional 10,189 shares during the period. Rhumbline Advisers owned about 0.24% of Pra Group worth $3,608,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in Pra Group by 223.6% during the 4th quarter. Arizona State Retirement System now owns 75,913 shares of the business services provider’s stock worth $2,520,000 after acquiring an additional 52,454 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Pra Group by 1.2% during the fourth quarter. Eagle Asset Management Inc. now owns 139,641 shares of the business services provider’s stock valued at $4,684,000 after buying an additional 1,638 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Pra Group by 34.3% during the fourth quarter. Pinebridge Investments L.P. now owns 73,278 shares of the business services provider’s stock valued at $2,433,000 after buying an additional 18,726 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Pra Group by 102.0% during the fourth quarter. First Trust Advisors LP now owns 59,522 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 30,057 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Pra Group by 5.2% during the fourth quarter. California Public Employees Retirement System now owns 136,339 shares of the business services provider’s stock valued at $4,526,000 after buying an additional 6,766 shares during the last quarter.
Several brokerages recently commented on PRAA. BidaskClub raised shares of Pra Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. William Blair reaffirmed an “outperform” rating on shares of Pra Group in a research note on Tuesday, February 20th. Zacks Investment Research cut shares of Pra Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Finally, UBS assumed coverage on shares of Pra Group in a research note on Monday, January 8th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Pra Group has a consensus rating of “Hold” and a consensus target price of $40.00.
Shares of PRAA opened at $37.55 on Friday. Pra Group Inc has a 52-week low of $25.72 and a 52-week high of $40.55. The firm has a market cap of $1,729.87, a price-to-earnings ratio of 28.23 and a beta of 1.45.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $205.67 million for the quarter, compared to analysts’ expectations of $195.56 million. Pra Group had a return on equity of 5.83% and a net margin of 19.94%. sell-side analysts forecast that Pra Group Inc will post 1.8 earnings per share for the current year.
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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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