Pra Group (PRAA) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Pra Group (NASDAQ:PRAA) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Other equities research analysts have also issued research reports about the stock. Buckingham Research assumed coverage on shares of Pra Group in a research report on Thursday, January 3rd. They set a neutral rating for the company. William Blair reaffirmed an outperform rating on shares of Pra Group in a research report on Friday, March 1st. Finally, ValuEngine lowered shares of Pra Group from a hold rating to a sell rating in a research report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Pra Group presently has a consensus rating of Hold and a consensus price target of $35.00.

PRAA opened at $27.44 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 19.06 and a beta of 1.82. Pra Group has a 52-week low of $22.62 and a 52-week high of $43.75.

Pra Group (NASDAQ:PRAA) last posted its earnings results on Thursday, February 28th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The business had revenue of $236.74 million for the quarter, compared to analysts’ expectations of $228.68 million. Pra Group had a net margin of 7.23% and a return on equity of 5.72%. On average, equities research analysts forecast that Pra Group will post 1.84 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Pra Group by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 517,603 shares of the business services provider’s stock valued at $12,613,000 after purchasing an additional 37,692 shares during the last quarter. Norges Bank purchased a new stake in shares of Pra Group during the 4th quarter valued at about $11,381,000. Nordea Investment Management AB increased its position in shares of Pra Group by 74.0% during the 4th quarter. Nordea Investment Management AB now owns 597,611 shares of the business services provider’s stock valued at $14,564,000 after purchasing an additional 254,231 shares during the last quarter. Legal & General Group Plc increased its position in shares of Pra Group by 3.3% during the 4th quarter. Legal & General Group Plc now owns 108,944 shares of the business services provider’s stock valued at $2,661,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Pra Group by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 32,481 shares of the business services provider’s stock valued at $792,000 after purchasing an additional 714 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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