Thrivent Financial for Lutherans Increases Stake in Pra Group Inc (PRAA)
Thrivent Financial for Lutherans lifted its holdings in Pra Group Inc (NASDAQ:PRAA) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,481 shares of the business services provider’s stock after purchasing an additional 714 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Pra Group were worth $792,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. We Are One Seven LLC bought a new stake in shares of Pra Group in the fourth quarter worth $82,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pra Group by 20.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,442 shares of the business services provider’s stock worth $84,000 after acquiring an additional 583 shares in the last quarter. First Mercantile Trust Co. raised its position in Pra Group by 21.2% during the fourth quarter. First Mercantile Trust Co. now owns 6,740 shares of the business services provider’s stock worth $164,000 after acquiring an additional 1,181 shares in the last quarter. Pitcairn Co. raised its position in Pra Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 9,925 shares of the business services provider’s stock worth $242,000 after acquiring an additional 683 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in Pra Group by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,768 shares of the business services provider’s stock worth $262,000 after acquiring an additional 352 shares in the last quarter.
Several analysts have issued reports on the stock. BidaskClub lowered shares of Pra Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. ValuEngine lowered shares of Pra Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. William Blair reaffirmed an “outperform” rating on shares of Pra Group in a research report on Friday, March 1st. Finally, Buckingham Research assumed coverage on shares of Pra Group in a research report on Thursday, January 3rd. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Pra Group has a consensus rating of “Hold” and a consensus price target of $35.00.
Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Pra Group had a net margin of 7.23% and a return on equity of 5.72%. The firm had revenue of $236.74 million for the quarter, compared to the consensus estimate of $228.68 million. On average, equities analysts anticipate that Pra Group Inc will post 1.84 EPS for the current fiscal year.
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Pra Group Company Profile
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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