PRA Group, Inc. $PRAA Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP cut its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 63.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 29,955 shares of the business services provider’s stock after selling 52,641 shares during the period. Quantinno Capital Management LP’s holdings in PRA Group were worth $524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of PRA Group during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in PRA Group by 145.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock valued at $44,000 after buying an additional 1,471 shares during the period. Larson Financial Group LLC raised its holdings in PRA Group by 146.8% in the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock valued at $50,000 after buying an additional 1,694 shares during the period. Tower Research Capital LLC TRC lifted its position in PRA Group by 375.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after buying an additional 3,777 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in PRA Group during the second quarter valued at approximately $102,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PRAA shares. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research report on Wednesday, June 24th. Zacks Research upgraded shares of PRA Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of PRA Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.00.

PRA Group Stock Performance

PRA Group stock opened at $18.63 on Friday. The firm has a market capitalization of $701.42 million, a PE ratio of -2.77 and a beta of 1.11. PRA Group, Inc. has a one year low of $10.25 and a one year high of $22.55. The stock’s 50 day moving average price is $17.89 and its 200 day moving average price is $16.89.

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

About PRA Group

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.