Scout Investments Inc. Acquires 1,933 Shares of Pra Group Inc (PRAA)

Scout Investments Inc. lifted its holdings in Pra Group Inc (NASDAQ:PRAA) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 92,004 shares of the business services provider’s stock after acquiring an additional 1,933 shares during the quarter. Scout Investments Inc.’s holdings in Pra Group were worth $3,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PRAA. Xact Kapitalforvaltning AB raised its holdings in Pra Group by 29.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,895 shares of the business services provider’s stock valued at $343,000 after buying an additional 2,000 shares during the last quarter. TD Asset Management Inc. raised its holdings in Pra Group by 4.1% during the 2nd quarter. TD Asset Management Inc. now owns 61,600 shares of the business services provider’s stock valued at $2,375,000 after buying an additional 2,400 shares during the last quarter. Stifel Financial Corp raised 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 valued at $883,000 after buying an additional 2,543 shares during the last quarter. Cortina Asset Management LLC raised its holdings in Pra Group by 0.6% during the 2nd quarter. Cortina Asset Management LLC now owns 482,034 shares of the business services provider’s stock valued at $18,582,000 after buying an additional 2,762 shares during the last quarter. Finally, American Research & Management Co. bought a new stake in Pra Group during the 2nd quarter valued at $110,000.

PRAA has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Keefe, Bruyette & Woods set a $35.00 price objective on shares of Pra Group and gave the stock a “hold” rating in a report on Thursday, August 9th. BidaskClub upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a report on Thursday, September 20th. Finally, Oppenheimer restated a “hold” rating on shares of Pra Group in a report on Thursday, August 9th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Pra Group presently has a consensus rating of “Hold” and an average target price of $35.00.

Shares of NASDAQ PRAA opened at $31.33 on Friday. Pra Group Inc has a 12 month low of $26.85 and a 12 month high of $43.75. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.56 and a beta of 1.52.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Pra Group had a net margin of 16.81% and a return on equity of 6.41%. The business had revenue of $221.52 million during the quarter, compared to analyst estimates of $214.17 million. On average, sell-side analysts predict that Pra Group Inc will post 1.63 earnings per share for the current fiscal year.

In other news, SVP Christopher D. Lagow sold 1,405 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $36.05, for a total value of $50,650.25. Following the sale, the senior vice president now directly owns 19,747 shares of the company’s stock, valued at approximately $711,879.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geir Olsen sold 116,651 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $37.86, for a total transaction of $4,416,406.86. The disclosure for this sale can be found here. Insiders sold a total of 289,414 shares of company stock valued at $10,935,452 over the last 90 days. Company insiders own 2.34% of the company’s stock.

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

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