PRA Group’s (PRAA) “Sell (D+)” Rating Reaffirmed at Weiss Ratings

PRA Group (NASDAQ:PRAA)‘s stock had its “sell (d+)” rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Other research analysts have also issued research reports about the stock. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a “market outperform” rating in a research note on Tuesday, August 5th. Citigroup reissued an “outperform” rating on shares of PRA Group in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.50.

PRA Group Stock Performance

NASDAQ PRAA opened at $14.76 on Friday. The firm has a 50 day simple moving average of $15.77 and a 200-day simple moving average of $15.67. PRA Group has a one year low of $12.91 and a one year high of $25.43. The firm has a market cap of $576.67 million, a price-to-earnings ratio of 6.33 and a beta of 1.45.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.62 by $0.46. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. The business had revenue of $287.69 million during the quarter, compared to analyst estimates of $279.34 million. Equities analysts predict that PRA Group will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On PRA Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of PRA Group in the 3rd quarter worth about $171,000. KLP Kapitalforvaltning AS boosted its position in shares of PRA Group by 53.1% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 9,800 shares of the business services provider’s stock worth $151,000 after buying an additional 3,400 shares in the last quarter. CWM LLC boosted its position in shares of PRA Group by 140.0% in the 3rd quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock worth $71,000 after buying an additional 2,694 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of PRA Group in the 3rd quarter worth about $461,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of PRA Group in the 3rd quarter worth about $207,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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 worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.