Shares of PRA Group Inc. (NASDAQ:PRAA) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.75.
Several research firms have weighed in on PRAA. SunTrust Banks Inc. set a $42.00 price objective on PRA Group and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, William Blair reiterated an “outperform” rating on shares of PRA Group in a report on Tuesday, September 20th.
In related news, insider Michael J. Petit sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $34.21, for a total transaction of $513,150.00. Following the completion of the transaction, the insider now owns 106,857 shares of the company’s stock, valued at approximately $3,655,577.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Petit sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $34.23, for a total value of $171,150.00. Following the transaction, the insider now directly owns 96,857 shares of the company’s stock, valued at approximately $3,315,415.11. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PRAA. Mason Street Advisors LLC bought a new position in PRA Group during the second quarter worth $219,000. Royal Bank of Canada raised its position in PRA Group by 21.8% in the second quarter. Royal Bank of Canada now owns 901,080 shares of the company’s stock worth $21,752,000 after buying an additional 161,570 shares during the period. Lebenthal Holdings LLC raised its position in PRA Group by 2.5% in the second quarter. Lebenthal Holdings LLC now owns 60,723 shares of the company’s stock worth $1,466,000 after buying an additional 1,476 shares during the period. Stifel Financial Corp bought a new position in PRA Group during the second quarter worth $809,000. Finally, Fiera Capital Corp bought a new position in PRA Group during the second quarter worth $7,212,000.
Shares of PRA Group (NASDAQ:PRAA) traded down 2.22% during midday trading on Wednesday, reaching $33.05. The company had a trading volume of 105,948 shares. The company has a market capitalization of $1.53 billion, a P/E ratio of 12.30 and a beta of 1.33. The company has a 50-day moving average price of $32.79 and a 200 day moving average price of $29.01. PRA Group has a one year low of $20.00 and a one year high of $56.00.
PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Monday, August 8th. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. PRA Group had a return on equity of 19.50% and a net margin of 13.89%. The business earned $228.50 million during the quarter, compared to analysts’ expectations of $227.92 million. During the same quarter last year, the business posted $1.06 EPS. The business’s revenue was down 3.7% on a year-over-year basis. Equities analysts anticipate that PRA Group will post $2.95 earnings per share for the current fiscal year.
PRA Group Company Profile
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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