PRA Group (NASDAQ:PRAA) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of PRA Group (NASDAQ:PRAA) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also recently issued reports on PRAA. Weiss Ratings cut shares of PRA Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, November 9th. Zacks Research downgraded PRA Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 9th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

PRA Group Price Performance

Shares of PRAA stock traded down $0.04 during trading on Friday, reaching $11.84. The company had a trading volume of 760,063 shares, compared to its average volume of 641,881. The company has a market capitalization of $445.89 million, a PE ratio of 2.89 and a beta of 1.15. The firm’s 50 day simple moving average is $18.89 and its two-hundred day simple moving average is $17.49. PRA Group has a one year low of $10.25 and a one year high of $22.55.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.41). The business had revenue of $286.27 million for the quarter, compared to analyst estimates of $307.40 million. PRA Group had a return on equity of 14.48% and a net margin of 12.06%. Analysts forecast that PRA Group will post 3.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRAA. BlackRock Inc. bought a new position in PRA Group in the second quarter valued at approximately $84,183,000. Wellington Management Group LLP increased its holdings in shares of PRA Group by 10.3% during the second quarter. Wellington Management Group LLP now owns 827,720 shares of the business services provider’s stock worth $15,718,000 after buying an additional 77,188 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of PRA Group by 401.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 601,444 shares of the business services provider’s stock valued at $11,421,000 after acquiring an additional 481,538 shares during the last quarter. Susquehanna International Group LLP lifted its stake in shares of PRA Group by 288.0% in the 2nd quarter. Susquehanna International Group LLP now owns 200,848 shares of the business services provider’s stock valued at $3,814,000 after acquiring an additional 149,078 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of PRA Group by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 189,572 shares of the business services provider’s stock valued at $3,318,000 after acquiring an additional 3,606 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Company Profile

PRA Group, Inc. is a global financial services company that purchases and collects portfolios of unpaid and charged-off accounts. Its clients include banks, credit card companies and other lenders seeking to manage delinquent accounts and recover outstanding balances. The company’s services include debt portfolio acquisition and account recovery, with collection approaches that may involve direct customer contact, negotiated repayment arrangements and legal processes, subject to applicable regulations.