Romano Brothers AND Company Decreases Stock Position in PRA Group, Inc. (NASDAQ:PRAA)

Romano Brothers AND Company decreased its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 7.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,744 shares of the business services provider’s stock after selling 900 shares during the period. Romano Brothers AND Company’s holdings in PRA Group were worth $281,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in PRA Group by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 4,654,871 shares of the business services provider’s stock worth $209,842,000 after acquiring an additional 53,991 shares during the last quarter. Wellington Management Group LLP increased its holdings in PRA Group by 12.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,884,085 shares of the business services provider’s stock worth $74,613,000 after buying an additional 425,505 shares during the period. T. Rowe Price Investment Management Inc. raised its position in PRA Group by 11.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,139,639 shares of the business services provider’s stock worth $106,058,000 after buying an additional 312,113 shares during the last quarter. Dimensional Fund Advisors LP raised its position in PRA Group by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,411,442 shares of the business services provider’s stock worth $93,948,000 after buying an additional 74,369 shares during the last quarter. Finally, State Street Corp lifted its stake in PRA Group by 2.5% during the 1st quarter. State Street Corp now owns 1,570,424 shares of the business services provider’s stock valued at $70,795,000 after acquiring an additional 38,201 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

PRAA has been the subject of several recent research reports. StockNews.com raised shares of PRA Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. JMP Securities boosted their price objective on PRA Group from $26.00 to $33.00 and gave the company a “market outperform” rating in a report on Friday, February 16th.

PRA Group Stock Down 4.1 %

NASDAQ:PRAA opened at $24.39 on Monday. The company has a 50 day moving average price of $24.97 and a 200-day moving average price of $21.86. PRA Group, Inc. has a 1-year low of $11.85 and a 1-year high of $39.49.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.13. The company had revenue of $221.42 million for the quarter, compared to analyst estimates of $208.25 million. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. Analysts forecast that PRA Group, Inc. will post 0.35 EPS 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 worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.