Pra Group (NASDAQ:PRAA) Cut to “Hold” at BidaskClub

BidaskClub cut shares of Pra Group (NASDAQ:PRAA) from a buy rating to a hold rating in a research report sent to investors on Friday morning, BidAskClub reports.

A number of other research analysts have also recently issued reports on PRAA. ValuEngine cut Pra Group from a buy rating to a hold rating in a research report on Tuesday, October 1st. Buckingham Research boosted their target price on Pra Group from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Friday, August 9th.

Shares of PRAA stock traded up $0.41 during trading hours on Friday, reaching $36.29. The company’s stock had a trading volume of 248,636 shares, compared to its average volume of 250,144. The firm’s 50 day simple moving average is $35.61 and its 200-day simple moving average is $32.23. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 0.55 and a beta of 1.60. Pra Group has a fifty-two week low of $22.62 and a fifty-two week high of $37.33. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.09. Pra Group had a return on equity of 6.49% and a net margin of 7.49%. The company had revenue of $250.01 million during the quarter, compared to analysts’ expectations of $256.18 million. During the same quarter in the previous year, the firm earned $0.22 EPS. Pra Group’s revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that Pra Group will post 1.8 earnings per share for the current year.

In related news, EVP Christopher B. Graves sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $35.06, for a total transaction of $87,650.00. Following the completion of the transaction, the executive vice president now directly owns 74,180 shares in the company, valued at approximately $2,600,750.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.68% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in Pra Group by 1.4% in the third quarter. California State Teachers Retirement System now owns 70,145 shares of the business services provider’s stock valued at $2,370,000 after purchasing an additional 939 shares during the last quarter. Salomon & Ludwin LLC increased its stake in shares of Pra Group by 8.1% in the third quarter. Salomon & Ludwin LLC now owns 38,212 shares of the business services provider’s stock valued at $1,291,000 after buying an additional 2,870 shares during the period. Seven Post Investment Office LP acquired a new position in shares of Pra Group in the third quarter valued at approximately $287,000. BBVA USA Bancshares Inc. bought a new position in Pra Group in the 3rd quarter valued at approximately $879,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Pra Group by 14.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,050,297 shares of the business services provider’s stock worth $35,490,000 after buying an additional 128,696 shares during the period.

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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