PRA Group (NASDAQ:PRAA) Lowered to “Hold” at StockNews.com

PRA Group (NASDAQ:PRAA – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, JMP Securities reduced their price objective on shares of PRA Group from $47.00 to $42.00 and set a “market outperform” rating on the stock in a research note on Friday, January 13th.

PRA Group Stock Up 0.9 %

NASDAQ:PRAA opened at $36.54 on Friday. PRA Group has a 12 month low of $29.68 and a 12 month high of $48.10. The company’s 50-day moving average price is $34.14 and its two-hundred day moving average price is $35.10. The firm has a market cap of $1.42 billion, a PE ratio of 11.07 and a beta of 1.13.

PRA Group (NASDAQ:PRAA – Get Rating) last posted its earnings results on Thursday, November 3rd. The business services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.17. PRA Group had a net margin of 13.54% and a return on equity of 10.63%. The company had revenue of $244.81 million for the quarter, compared to analyst estimates of $227.60 million. On average, research analysts expect that PRA Group will post 2.8 EPS for the current fiscal year.

Hedge Funds Weigh In On PRA Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading L.P. boosted its position in shares of PRA Group by 106.7% in the first quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 11,133 shares during the period. Quadrant Capital Group LLC purchased a new position in shares of PRA Group during the third quarter worth approximately $34,000. Point72 Hong Kong Ltd raised its stake in shares of PRA Group by 38.2% during the first quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock worth $47,000 after acquiring an additional 290 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of PRA Group by 28.3% in the third quarter. IFP Advisors Inc now owns 1,597 shares of the business services provider’s stock worth $74,000 after purchasing an additional 352 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of PRA Group by 56.6% in the first quarter. Captrust Financial Advisors now owns 2,070 shares of the business services provider’s stock worth $93,000 after purchasing an additional 748 shares during the last quarter.

PRA Group Company Profile

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PRA Group, Inc engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.