Comerica Bank cut its stake in shares of Pra Group Inc (NASDAQ:PRAA) by 7.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,066 shares of the business services provider’s stock after selling 3,830 shares during the quarter. Comerica Bank’s holdings in Pra Group were worth $1,382,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sterling Capital Management LLC grew its position in shares of Pra Group by 6.2% in the 3rd quarter. Sterling Capital Management LLC now owns 74,025 shares of the business services provider’s stock valued at $2,665,000 after purchasing an additional 4,312 shares during the period. Victory Capital Management Inc. grew its position in shares of Pra Group by 113.1% in the 3rd quarter. Victory Capital Management Inc. now owns 11,843 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 6,285 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of Pra Group by 10.8% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 408,433 shares of the business services provider’s stock valued at $14,704,000 after purchasing an additional 39,944 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Pra Group by 10.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 98,302 shares of the business services provider’s stock valued at $3,539,000 after purchasing an additional 9,367 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Pra Group by 14.2% in the 3rd quarter. First Trust Advisors LP now owns 58,173 shares of the business services provider’s stock valued at $2,094,000 after purchasing an additional 7,243 shares during the period.

In other Pra Group news, SVP Christopher D. Lagow sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $37.70, for a total transaction of $55,569.80. Following the completion of the transaction, the senior vice president now owns 18,273 shares of the company’s stock, valued at approximately $688,892.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Christopher D. Lagow sold 1,555 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $36.45, for a total value of $56,679.75. Following the transaction, the senior vice president now directly owns 16,718 shares of the company’s stock, valued at approximately $609,371.10. The disclosure for this sale can be found here. Corporate insiders own 2.34% of the company’s stock.

NASDAQ:PRAA opened at $28.58 on Thursday. Pra Group Inc has a twelve month low of $26.95 and a twelve month high of $43.75. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 21.49 and a beta of 1.61.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.13). Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The firm had revenue of $225.90 million for the quarter, compared to analyst estimates of $223.81 million. During the same period last year, the company earned $0.34 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts expect that Pra Group Inc will post 1.42 earnings per share for the current year.

Several equities analysts recently issued reports on the company. BidaskClub lowered Pra Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Oppenheimer reiterated a “hold” rating on shares of Pra Group in a research report on Thursday, August 9th. Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine lowered Pra Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Keefe, Bruyette & Woods set a $35.00 price target on Pra Group and gave the stock a “hold” rating in a research report on Thursday, August 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Pra Group has a consensus rating of “Hold” and a consensus target price of $35.00.

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About Pra Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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