Voya Investment Management LLC Sells 2,012 Shares of Pra Group Inc (PRAA)

Voya Investment Management LLC cut its stake in shares of Pra Group Inc (NASDAQ:PRAA) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,173 shares of the business services provider’s stock after selling 2,012 shares during the period. Voya Investment Management LLC’s holdings in Pra Group were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in Pra Group during the second quarter valued at approximately $4,121,000. Stephens Investment Management Group LLC raised its holdings in shares of Pra Group by 22.9% in the second quarter. Stephens Investment Management Group LLC now owns 887,523 shares of the business services provider’s stock worth $34,436,000 after buying an additional 165,269 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Pra Group by 7.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 88,935 shares of the business services provider’s stock worth $3,429,000 after buying an additional 6,402 shares during the period. Cortina Asset Management LLC raised its holdings in shares of Pra Group by 0.6% in the second quarter. Cortina Asset Management LLC now owns 482,034 shares of the business services provider’s stock worth $18,582,000 after buying an additional 2,762 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Pra Group by 2.0% in the second quarter. Great West Life Assurance Co. Can now owns 292,633 shares of the business services provider’s stock worth $11,295,000 after buying an additional 5,829 shares during the period.

Several equities research analysts have recently weighed in on PRAA shares. ValuEngine downgraded Pra Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Keefe, Bruyette & Woods set a $35.00 price target on Pra Group and gave the stock a “hold” rating in a report on Thursday, August 9th. BidaskClub upgraded Pra Group from a “hold” rating to a “buy” rating in a report on Thursday, September 20th. Oppenheimer reiterated a “hold” rating on shares of Pra Group in a report on Thursday, August 9th. Finally, Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.00.

In other Pra Group news, SVP Christopher D. Lagow sold 1,405 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $36.05, for a total transaction of $50,650.25. Following the transaction, the senior vice president now directly owns 19,747 shares in the company, valued at approximately $711,879.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher D. Lagow sold 1,555 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $36.45, for a total value of $56,679.75. Following the transaction, the senior vice president now owns 16,718 shares in the company, valued at $609,371.10. The disclosure for this sale can be found here. Insiders have sold a total of 296,914 shares of company stock worth $11,258,102 over the last 90 days. 2.34% of the stock is currently owned by company insiders.

Shares of NASDAQ PRAA opened at $32.56 on Friday. Pra Group Inc has a fifty-two week low of $26.85 and a fifty-two week high of $43.75. The company has a market capitalization of $1.63 billion, a PE ratio of 25.17 and a beta of 1.52.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. The firm had revenue of $221.52 million for the quarter, compared to the consensus estimate of $214.17 million. As a group, research analysts anticipate that Pra Group Inc will post 1.61 EPS for the current year.

Pra Group 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.

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

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