Pra Group (PRAA) Downgraded by BidaskClub

BidaskClub downgraded shares of Pra Group (NASDAQ:PRAA) from a hold rating to a sell rating in a report released on Saturday.

Several other equities analysts have also recently issued reports on PRAA. Janney Montgomery Scott cut shares of Pra Group from a neutral rating to a sell rating in a research note on Wednesday, October 4th. UBS Group began coverage on shares of Pra Group in a research note on Monday, January 8th. They set a market perform rating on the stock. Zacks Investment Research cut shares of Pra Group from a hold rating to a strong sell rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods cut shares of Pra Group from an outperform rating to a market perform rating and upped their price target for the stock from $36.00 to $40.00 in a research note on Tuesday, October 10th. Finally, Oppenheimer began coverage on shares of Pra Group in a research note on Monday, January 8th. They set a hold rating on the stock. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $40.00.

Shares of Pra Group (NASDAQ PRAA) traded up $0.45 on Friday, reaching $34.90. 241,154 shares of the company’s stock traded hands, compared to its average volume of 233,879. The firm has a market cap of $1,576.40, a PE ratio of 54.53 and a beta of 1.60. Pra Group has a 12 month low of $25.72 and a 12 month high of $42.70.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. sell-side analysts forecast that Pra Group will post 1.38 EPS for the current fiscal year.

In other news, Director Penelope W. Kyle sold 1,975 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $33.45, for a total transaction of $66,063.75. Following the transaction, the director now directly owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Frontier Capital Management Co. LLC acquired a new position in shares of Pra Group during the 4th quarter worth $9,500,000. Fox Run Management L.L.C. acquired a new position in shares of Pra Group during the 4th quarter worth $267,000. Schwab Charles Investment Management Inc. grew its stake in shares of Pra Group by 8.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 334,670 shares of the business services provider’s stock worth $11,112,000 after purchasing an additional 26,127 shares during the period. Bank of Montreal Can grew its stake in shares of Pra Group by 9.9% during the 4th quarter. Bank of Montreal Can now owns 222,197 shares of the business services provider’s stock worth $7,377,000 after purchasing an additional 19,969 shares during the period. Finally, Bath Savings Trust Co boosted its position in shares of Pra Group by 7.8% in the 4th quarter. Bath Savings Trust Co now owns 27,146 shares of the business services provider’s stock worth $901,000 after buying an additional 1,975 shares in the last quarter.

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About Pra Group

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.

Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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