Cortina Asset Management LLC cut its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 542,138 shares of the business services provider’s stock after selling 2,258 shares during the period. Cortina Asset Management LLC owned approximately 1.20% of PRA Group worth $15,532,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of PRA Group by 145.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 142,001 shares of the business services provider’s stock worth $5,382,000 after purchasing an additional 84,112 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of PRA Group by 6.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 264,171 shares of the business services provider’s stock worth $8,758,000 after purchasing an additional 17,070 shares during the period. Oak Ridge Investments LLC boosted its stake in shares of PRA Group by 0.9% during the 2nd quarter. Oak Ridge Investments LLC now owns 1,077,845 shares of the business services provider’s stock worth $40,850,000 after purchasing an additional 9,745 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of PRA Group by 73.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,612 shares of the business services provider’s stock worth $592,000 after purchasing an additional 6,596 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of PRA Group by 27.6% during the 2nd quarter. New York State Common Retirement Fund now owns 62,268 shares of the business services provider’s stock worth $2,360,000 after purchasing an additional 13,467 shares during the period.

PRAA has been the subject of several research reports. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. cut shares of PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Raymond James Financial, Inc. reissued an “underperform” rating on shares of PRA Group in a research report on Thursday, September 21st. Janney Montgomery Scott cut shares of PRA Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods cut shares of PRA Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $36.00 to $40.00 in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.00.

COPYRIGHT VIOLATION WARNING: “PRA Group, Inc. (PRAA) Position Lowered by Cortina Asset Management LLC” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/21/pra-group-inc-praa-position-lowered-by-cortina-asset-management-llc.html.

PRA Group, Inc. (NASDAQ:PRAA) traded up $0.50 during trading on Tuesday, reaching $34.25. 367,800 shares of the company’s stock traded hands, compared to its average volume of 488,757. The stock has a market cap of $1,550.00, a PE ratio of 52.73 and a beta of 1.50. PRA Group, Inc. has a 12 month low of $25.72 and a 12 month high of $42.70.

PRA Group (NASDAQ:PRAA) last released 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 company had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $196.96 million. PRA Group had a net margin of 7.57% and a return on equity of 2.98%. PRA Group’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. analysts anticipate that PRA Group, Inc. will post 1.38 EPS for the current year.

PRA Group Profile

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.

Want to see what other hedge funds are holding PRAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PRA Group, Inc. (NASDAQ:PRAA).

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

Receive News & Stock Ratings for PRA Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group Inc. and related stocks with our FREE daily email newsletter.