Dimensional Fund Advisors LP grew its stake in shares of Pra Group Inc (NASDAQ:PRAA) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,897,547 shares of the business services provider’s stock after purchasing an additional 152,883 shares during the period. Dimensional Fund Advisors LP owned approximately 4.20% of Pra Group worth $54,366,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pra Group by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after purchasing an additional 304 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Pra Group by 10.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock worth $119,000 after purchasing an additional 305 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Pra Group by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after purchasing an additional 196 shares in the last quarter. Amalgamated Bank boosted its position in shares of Pra Group by 2.5% during the 2nd quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock worth $242,000 after purchasing an additional 154 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Pra Group during the 3rd quarter worth $189,000.
In related news, Director Penelope W. Kyle sold 1,975 shares of the business’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. Following the sale, the director now directly owns 36,425 shares in the company, valued at approximately $1,218,416.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.
Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). Pra Group had a return on equity of 2.98% and a net margin of 7.57%. The business had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $196.96 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Pra Group’s quarterly revenue was down 9.5% on a year-over-year basis. analysts expect that Pra Group Inc will post 1.38 EPS for the current year.
Several brokerages have commented on PRAA. Keefe, Bruyette & Woods lowered shares of Pra Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $36.00 to $40.00 in a research report on Tuesday, October 10th. Janney Montgomery Scott upgraded shares of Pra Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Citigroup lowered shares of Pra Group to an “underperform” rating in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Pra Group in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.00.
Pra Group 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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