Paloma Partners Management Co lessened its holdings in Pra Group Inc (NASDAQ:PRAA) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,792 shares of the business services provider’s stock after selling 32,432 shares during the period. Paloma Partners Management Co owned approximately 0.09% of Pra Group worth $1,354,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in PRAA. Turtle Creek Asset Management Inc. raised its holdings in 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 valued at $170,638,000 after acquiring an additional 1,566,430 shares during the period. Dimensional Fund Advisors LP grew its position in Pra Group by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock worth $54,366,000 after acquiring an additional 152,883 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Pra Group in the third quarter worth $18,167,000. Boston Partners grew its position in Pra Group by 9.2% in the fourth quarter. Boston Partners now owns 474,178 shares of the business services provider’s stock worth $15,743,000 after acquiring an additional 39,968 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Pra Group by 0.6% in 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 in the last quarter.
Several equities analysts have recently commented on PRAA shares. Oppenheimer started coverage on shares of Pra Group in a research note on Monday, January 8th. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Pra Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. BidaskClub downgraded shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. UBS started coverage on shares of Pra Group in a research note on Monday, January 8th. They set a “market perform” rating for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Pra Group in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.00.
PRAA traded down $0.80 during trading on Friday, hitting $37.55. The company’s stock had a trading volume of 230,906 shares, compared to its average volume of 305,136. The company has a market capitalization of $1,698.20, a PE ratio of 28.23 and a beta of 1.45. Pra Group Inc has a one year low of $25.72 and a one year high of $40.55.
Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $205.67 million for the quarter, compared to the consensus estimate of $195.56 million. Pra Group had a net margin of 19.94% and a return on equity of 5.83%. research analysts expect that Pra Group Inc will post 1.8 earnings per share for the current year.
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Pra Group 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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