US Bancorp DE cut its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 68,243 shares of the business services provider’s stock after selling 71 shares during the period. US Bancorp DE owned approximately 0.15% of PRA Group worth $2,586,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Peregrine Capital Management LLC boosted its stake in PRA Group by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 258,295 shares of the business services provider’s stock valued at $9,789,000 after buying an additional 5,156 shares in the last quarter. Aperio Group LLC boosted its stake in PRA Group by 8.5% in the second quarter. Aperio Group LLC now owns 14,347 shares of the business services provider’s stock valued at $544,000 after buying an additional 1,130 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in PRA Group by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 9,151 shares of the business services provider’s stock valued at $346,000 after buying an additional 4,041 shares in the last quarter. Nexus Investment Management Inc. boosted its stake in PRA Group by 1.2% in the second quarter. Nexus Investment Management Inc. now owns 433,500 shares of the business services provider’s stock valued at $16,430,000 after buying an additional 5,250 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in PRA Group during the second quarter valued at about $231,000.
PRA Group, Inc. (NASDAQ PRAA) opened at 30.35 on Friday. The stock’s 50 day moving average is $37.21 and its 200 day moving average is $36.05. PRA Group, Inc. has a one year low of $23.15 and a one year high of $42.70. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.51 and a beta of 1.49.
PRA Group (NASDAQ:PRAA) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.23. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The business had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $208.97 million. During the same period last year, the firm earned $0.83 EPS. The company’s revenue was down 12.3% compared to the same quarter last year. On average, equities analysts forecast that PRA Group, Inc. will post $2.09 EPS for the current year.
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Several equities research analysts have issued reports on PRAA shares. Keefe, Bruyette & Woods started coverage on shares of PRA Group in a research note on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of PRA Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub raised shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.
In other PRA Group news, Director Geir Olsen bought 142,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were bought at an average price of $34.55 per share, with a total value of $4,906,100.00. Following the purchase, the director now directly owns 27,162 shares in the company, valued at approximately $938,447.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.
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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