Citigroup Inc. lowered shares of PRA Group, Inc. (NASDAQ:PRAA) to an underperform rating in a research note released on Thursday.

A number of other research firms have also recently issued reports on PRAA. Keefe, Bruyette & Woods began coverage on shares of PRA Group in a research report on Wednesday, May 24th. They issued an outperform rating and a $40.00 price objective on the stock. BidaskClub upgraded shares of PRA Group from a hold rating to a buy rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research cut shares of PRA Group from a hold rating to a sell rating in a research report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. PRA Group currently has a consensus rating of Hold and an average price target of $38.00.

PRA Group (NASDAQ:PRAA) traded down 2.641% during midday trading on Thursday, reaching $26.725. The company’s stock had a trading volume of 880,453 shares. The company has a market cap of $1.21 billion, a PE ratio of 16.296 and a beta of 1.50. PRA Group has a 12 month low of $23.15 and a 12 month high of $42.70. The stock has a 50-day moving average price of $31.53 and a 200 day moving average price of $34.35.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.23). The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The business’s revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. Analysts expect that PRA Group will post $2.09 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PRA Group by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after buying an additional 304 shares during the period. Huntington National Bank increased its position in shares of PRA Group by 5.5% during the second quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock valued at $117,000 after buying an additional 162 shares during the period. Public Employees Retirement System of Ohio grew its holdings in PRA Group by 10.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock worth $119,000 after purchasing an additional 305 shares during the period. Quantbot Technologies LP purchased a new stake in PRA Group in the first quarter worth about $125,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in PRA Group in the first quarter worth about $132,000.

About PRA Group

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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