PRA Group, Inc. (PRAA) Shares Sold by State of Tennessee Treasury Department
State of Tennessee Treasury Department trimmed its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,551 shares of the business services provider’s stock after selling 2,626 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of PRA Group worth $1,190,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in PRAA. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of PRA Group by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after buying an additional 304 shares during the last quarter. Huntington National Bank increased its holdings in shares of PRA Group by 5.5% during the 2nd quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock worth $117,000 after buying an additional 162 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of PRA Group by 10.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock worth $119,000 after buying an additional 305 shares during the last quarter. UBS Group AG increased its holdings in PRA Group by 101.1% in the 1st quarter. UBS Group AG now owns 5,172 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in PRA Group by 3.5% in the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 196 shares in the last quarter.
Several analysts recently issued reports on PRAA shares. BidaskClub upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Citigroup Inc. downgraded PRA Group to an “underperform” rating in a report on Thursday, September 21st. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of PRA Group in a report on Thursday, September 21st. Janney Montgomery Scott downgraded PRA Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods downgraded PRA Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $36.00 to $40.00 in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.00.
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Shares of PRA Group, Inc. (PRAA) opened at $34.45 on Friday. PRA Group, Inc. has a twelve month low of $25.72 and a twelve month high of $42.70. The stock has a market capitalization of $1,556.07, a price-to-earnings ratio of 53.83 and a beta of 1.51.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). PRA Group had a net margin of 7.57% and a return on equity of 2.98%. The company had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. research analysts expect that PRA Group, Inc. will post 1.38 EPS for the current year.
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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