BlackRock Inc. cut its holdings in Pra Group Inc (NASDAQ:PRAA) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,782,593 shares of the business services provider’s stock after selling 208,589 shares during the quarter. BlackRock Inc. owned approximately 12.80% of Pra Group worth $191,983,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in PRAA. Turtle Creek Asset Management Inc. increased its stake in shares of Pra Group by 35.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock valued at $170,638,000 after buying an additional 1,566,430 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Pra Group in the third quarter valued at $18,167,000. Frontier Capital Management Co. LLC acquired a new stake in shares of Pra Group in the fourth quarter valued at $9,500,000. Dimensional Fund Advisors LP increased its stake in shares of Pra Group by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,897,547 shares of the business services provider’s stock valued at $54,366,000 after buying an additional 152,883 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Pra Group by 223.6% in the fourth quarter. Arizona State Retirement System now owns 75,913 shares of the business services provider’s stock valued at $2,520,000 after buying an additional 52,454 shares in the last quarter.
PRAA has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of Pra Group in a research note on Tuesday, February 20th. Zacks Investment Research lowered Pra Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Pra Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer initiated coverage on Pra Group in a research note on Monday, January 8th. They issued a “hold” rating for the company. Finally, UBS initiated coverage on Pra Group in a research note on Monday, January 8th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.
Pra Group Inc (PRAA) opened at $38.45 on Friday. The stock has a market capitalization of $1,691.43, a PE ratio of 10.86 and a beta of 1.50. Pra Group Inc has a 1-year low of $25.72 and a 1-year high of $40.55.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $205.67 million during the quarter, compared to the consensus estimate of $195.56 million. Pra Group had a net margin of 19.94% and a return on equity of 5.83%. equities analysts expect that Pra Group Inc will post 1.77 earnings per share for the current fiscal year.
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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.
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