PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Recommendation of “Hold” by Analysts

Shares of PRA Group, Inc. (NASDAQ:PRAA) have received a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.00.

A number of brokerages have issued reports on PRAA. Zacks Research raised PRA Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded PRA Group from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Institutional Investors Weigh In On PRA Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in PRA Group by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 768 shares during the last quarter. Focus Partners Wealth increased its stake in shares of PRA Group by 1.0% during the 4th quarter. Focus Partners Wealth now owns 94,900 shares of the business services provider’s stock worth $1,679,000 after purchasing an additional 927 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of PRA Group by 8.8% during the 4th quarter. SG Americas Securities LLC now owns 12,051 shares of the business services provider’s stock worth $213,000 after purchasing an additional 974 shares during the last quarter. Mariner LLC raised its holdings in shares of PRA Group by 3.2% during the 3rd quarter. Mariner LLC now owns 31,045 shares of the business services provider’s stock valued at $479,000 after purchasing an additional 975 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of PRA Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 1,020 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Stock Performance

PRA Group stock opened at $20.60 on Monday. PRA Group has a 52 week low of $10.25 and a 52 week high of $22.55. The stock has a market cap of $775.59 million, a price-to-earnings ratio of -3.06 and a beta of 1.11. The company’s 50-day moving average price is $17.56 and its two-hundred day moving average price is $16.73.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.99. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. The company had revenue of $372.17 million during the quarter, compared to analyst estimates of $299.99 million. Research analysts expect that PRA Group will post 3.93 earnings per share for the current fiscal year.

PRA Group Company Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.