Pra Group Inc (NASDAQ:PRAA) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $35.00.

PRAA has been the subject of a number of recent research reports. Buckingham Research initiated coverage on Pra Group in a research report on Thursday, January 3rd. They set a “neutral” rating for the company. Oppenheimer restated a “hold” rating on shares of Pra Group in a research report on Friday, November 9th. BidaskClub upgraded Pra Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 12th. ValuEngine downgraded Pra Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 16th.

Shares of PRAA stock traded up $0.30 on Friday, reaching $31.75. 236,849 shares of the stock were exchanged, compared to its average volume of 236,822. The company has a market cap of $1.42 billion, a P/E ratio of 23.87 and a beta of 1.83. Pra Group has a one year low of $22.62 and a one year high of $43.75.

Several hedge funds have recently added to or reduced their stakes in PRAA. PNC Financial Services Group Inc. raised its position in shares of Pra Group by 66.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,495,768 shares of the business services provider’s stock worth $53,848,000 after acquiring an additional 596,684 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Pra Group by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,970,934 shares of the business services provider’s stock valued at $72,402,000 after purchasing an additional 274,567 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in Pra Group by 100.1% in the fourth quarter. Peregrine Capital Management LLC now owns 318,150 shares of the business services provider’s stock valued at $7,753,000 after purchasing an additional 159,134 shares during the last quarter. Nordea Investment Management AB increased its holdings in Pra Group by 77.9% in the third quarter. Nordea Investment Management AB now owns 343,380 shares of the business services provider’s stock valued at $12,361,000 after purchasing an additional 150,350 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in Pra Group in the fourth quarter valued at about $3,116,000.

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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Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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