Wells Fargo & Company MN Sells 3,024 Shares of Pra Group Inc (PRAA)

Wells Fargo & Company MN decreased its holdings in Pra Group Inc (NASDAQ:PRAA) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,883 shares of the business services provider’s stock after selling 3,024 shares during the quarter. Wells Fargo & Company MN owned 0.29% of Pra Group worth $4,898,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PRAA. Schwab Charles Investment Management Inc. boosted its stake in Pra Group by 8.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 334,670 shares of the business services provider’s stock worth $11,112,000 after purchasing an additional 26,127 shares during the period. Teacher Retirement System of Texas acquired a new position in Pra Group in the 4th quarter worth approximately $516,000. California Public Employees Retirement System boosted its stake in Pra Group by 5.2% in the 4th quarter. California Public Employees Retirement System now owns 136,339 shares of the business services provider’s stock worth $4,526,000 after purchasing an additional 6,766 shares during the period. First Trust Advisors LP boosted its stake in Pra Group by 102.0% in the 4th quarter. First Trust Advisors LP now owns 59,522 shares of the business services provider’s stock worth $1,976,000 after purchasing an additional 30,057 shares during the period. Finally, Arizona State Retirement System boosted its stake in Pra Group by 223.6% in the 4th quarter. Arizona State Retirement System now owns 75,913 shares of the business services provider’s stock worth $2,520,000 after purchasing an additional 52,454 shares during the period.

A number of research firms recently commented on PRAA. Zacks Investment Research lowered shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. ValuEngine raised shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a research note on Wednesday, June 6th. Finally, BidaskClub raised shares of Pra Group from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.00.

In other Pra Group news, insider Steven D. Fredrickson sold 7,500 shares of Pra Group stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $41.02, for a total transaction of $307,650.00. Following the completion of the sale, the insider now owns 321,948 shares of the company’s stock, valued at approximately $13,206,306.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven D. Fredrickson sold 2,779 shares of Pra Group stock in a transaction on Monday, June 4th. The shares were sold at an average price of $40.00, for a total transaction of $111,160.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,654 shares of company stock valued at $1,412,929 in the last three months. Company insiders own 2.34% of the company’s stock.

Pra Group stock opened at $38.55 on Friday. Pra Group Inc has a 52 week low of $25.72 and a 52 week high of $42.15. The company has a market capitalization of $1.76 billion, a P/E ratio of 28.98 and a beta of 1.42.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Wednesday, May 9th. The business services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. The firm had revenue of $223.18 million during the quarter, compared to analyst estimates of $205.00 million. Pra Group had a net margin of 16.29% and a return on equity of 5.88%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. analysts forecast that Pra Group Inc will post 1.99 earnings per share for the current fiscal year.

Pra Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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