PRA Group, Inc. (NASDAQ:PRAA)‘s stock had its “underperform” rating reissued by research analysts at Raymond James Financial, Inc. in a research report issued to clients and investors on Thursday.

A number of other research analysts have also issued reports on the company. Keefe, Bruyette & Woods initiated coverage on PRA Group in a report on Wednesday, May 24th. They issued an “outperform” rating and a $40.00 target price on the stock. BidaskClub lowered PRA Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered PRA Group from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Citigroup Inc. lowered PRA Group to an “underperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.00.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.23). The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The company’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank boosted its position in PRA Group by 2.5% during the second quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock worth $242,000 after purchasing an additional 154 shares in the last quarter. Huntington National Bank boosted its position in PRA Group by 5.5% during the second quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock worth $117,000 after purchasing an additional 162 shares in the last quarter. Advisor Group Inc. boosted its position in PRA Group by 3.5% during the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after purchasing an additional 196 shares in the last quarter. Texas Permanent School Fund boosted its position in PRA Group by 0.8% during the second quarter. Texas Permanent School Fund now owns 33,836 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 283 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in PRA Group by 1.3% during the first quarter. Arizona State Retirement System now owns 24,159 shares of the business services provider’s stock worth $801,000 after purchasing an additional 300 shares in the last quarter.

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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