PRA Group, Inc. (PRAA) Position Increased by Voya Investment Management LLC

Voya Investment Management LLC lifted its stake in PRA Group, Inc. (NASDAQ:PRAA) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,442 shares of the business services provider’s stock after purchasing an additional 1,338 shares during the period. Voya Investment Management LLC’s holdings in PRA Group were worth $813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PRA Group by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 304 shares during the period. Independence Advisors LLC acquired a new stake in shares of PRA Group in the second quarter valued at about $112,000. Huntington National Bank lifted its stake in shares of PRA Group by 5.5% in the second quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 162 shares during the period. UBS Group AG lifted its stake in shares of PRA Group by 101.1% in the first quarter. UBS Group AG now owns 5,172 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,600 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of PRA Group by 3.5% in the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 196 shares during the period.

Several analysts recently commented on PRAA shares. Zacks Investment Research cut shares of PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Citigroup Inc. cut shares of PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of PRA Group in a research note on Thursday, September 21st. Finally, Janney Montgomery Scott cut shares of PRA Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average target price of $36.00.

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PRA Group, Inc. (NASDAQ:PRAA) opened at 27.90 on Monday. The firm’s 50-day moving average is $28.60 and its 200 day moving average is $33.44. PRA Group, Inc. has a 12-month low of $23.15 and a 12-month high of $42.70. The stock has a market capitalization of $1.26 billion, a P/E ratio of 17.01 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.23). PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The business had revenue of $200.30 million during the quarter, compared to analyst estimates of $208.97 million. During the same period in the previous year, the company posted $0.83 earnings per share. PRA Group’s revenue was down 12.3% compared to the same quarter last year. Equities research analysts anticipate that PRA Group, Inc. will post $1.86 earnings per share for the current year.

PRA Group Company Profile

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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

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