Pra Group (PRAA) Stock Rating Lowered by ValuEngine

Pra Group (NASDAQ:PRAA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Keefe, Bruyette & Woods set a $35.00 target price on Pra Group and gave the stock a “hold” rating in a research note on Thursday, August 9th. BidaskClub upgraded Pra Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 20th. Finally, Oppenheimer reiterated a “hold” rating on shares of Pra Group in a research note on Thursday, August 9th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.00.

PRAA stock opened at $31.33 on Thursday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.22 and a beta of 1.52. Pra Group has a twelve month low of $26.85 and a twelve month high of $43.75.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $221.52 million during the quarter, compared to the consensus estimate of $214.17 million. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. On average, equities research analysts predict that Pra Group will post 1.63 EPS for the current year.

In other news, SVP Christopher D. Lagow sold 1,405 shares of Pra Group stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $36.05, for a total transaction of $50,650.25. Following the completion of the transaction, the senior vice president now directly owns 19,747 shares in the company, valued at approximately $711,879.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geir Olsen sold 48,725 shares of Pra Group stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $38.62, for a total value of $1,881,759.50. The disclosure for this sale can be found here. Insiders have sold a total of 289,414 shares of company stock valued at $10,935,452 over the last quarter. 2.34% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB bought a new position in shares of Pra Group during the 2nd quarter worth approximately $236,000. American Research & Management Co. acquired a new stake in Pra Group during the 2nd quarter worth approximately $110,000. Cooke & Bieler LP lifted its holdings in Pra Group by 4.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,286,288 shares of the business services provider’s stock worth $49,586,000 after purchasing an additional 60,200 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Pra Group by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 392,278 shares of the business services provider’s stock worth $15,123,000 after purchasing an additional 29,819 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Pra Group by 12.2% during the 1st quarter. Stifel Financial Corp now owns 23,350 shares of the business services provider’s stock worth $883,000 after purchasing an additional 2,543 shares during the last quarter.

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 in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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