PRA Group (NASDAQ:PRAA) Stock Gets Downgrade from Zacks Research

PRA Group (NASDAQ:PRAA) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of PRA Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Wall Street Zen downgraded shares of PRA Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 1st. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

PRA Group Price Performance

PRA Group stock opened at $11.96 on Monday. The company has a market cap of $450.29 million, a PE ratio of 2.92 and a beta of 1.15. The company has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $17.54. PRA Group has a 12 month low of $10.25 and a 12 month high of $22.55.

PRA Group (NASDAQ:PRAA) last released its earnings results on Thursday, November 5th. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.41). The business had revenue of $286.27 million for the quarter, compared to the consensus estimate of $307.40 million. PRA Group had a net margin of 12.06% and a return on equity of 14.48%. Equities research analysts anticipate that PRA Group will post 3.29 earnings per share for the current year.

Institutional Trading of PRA Group

Several hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new stake in shares of PRA Group in the 3rd quarter worth approximately $30,000. Meeder Asset Management Inc. bought a new position in PRA Group during the 2nd quarter worth $49,000. EverSource Wealth Advisors LLC grew its stake in PRA Group by 49.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,711 shares of the business services provider’s stock worth $65,000 after buying an additional 1,230 shares during the last quarter. Fifth Third Bancorp grew its stake in PRA Group by 7,735.7% during the 1st quarter. Fifth Third Bancorp now owns 9,011 shares of the business services provider’s stock worth $158,000 after buying an additional 8,896 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in PRA Group in the second quarter worth $192,000. Institutional investors own 97.22% of the company’s stock.

About PRA Group

PRA Group, Inc. is a global financial services company that purchases and collects portfolios of unpaid and charged-off accounts. Its clients include banks, credit card companies and other lenders seeking to manage delinquent accounts and recover outstanding balances. The company’s services include debt portfolio acquisition and account recovery, with collection approaches that may involve direct customer contact, negotiated repayment arrangements and legal processes, subject to applicable regulations.