Pra Group (PRAA) Rating Lowered to Sell at BidaskClub

Pra Group (NASDAQ:PRAA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms also recently commented on PRAA. Oppenheimer began coverage on Pra Group in a research note on Monday, January 8th. They issued a “hold” rating for the company. UBS Group began coverage on Pra Group in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Pra Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Janney Montgomery Scott downgraded Pra Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods downgraded Pra Group from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $36.00 to $40.00 in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Pra Group currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Shares of Pra Group (PRAA) opened at $34.90 on Friday. The firm has a market capitalization of $1,556.07, a price-to-earnings ratio of 28.15 and a beta of 1.60. Pra Group has a twelve month low of $25.72 and a twelve month high of $42.70.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The company had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. equities research analysts anticipate that Pra Group will post 1.38 earnings per share for the current fiscal year.

In related news, Director Penelope W. Kyle sold 1,975 shares of the business’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $33.45, for a total value of $66,063.75. Following the completion of the transaction, the director now owns 36,425 shares of the company’s stock, valued at $1,218,416.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in PRAA. Turtle Creek Asset Management Inc. grew its position in Pra Group by 35.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,955,965 shares of the business services provider’s stock valued at $170,638,000 after acquiring an additional 1,566,430 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Pra Group in the third quarter valued at about $18,167,000. Investment Counselors of Maryland LLC grew its position in Pra Group by 376.4% in the third quarter. Investment Counselors of Maryland LLC now owns 617,790 shares of the business services provider’s stock valued at $17,700,000 after acquiring an additional 488,114 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in Pra Group in the fourth quarter valued at about $9,500,000. Finally, Dimensional Fund Advisors LP grew its position in Pra Group by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,744,664 shares of the business services provider’s stock valued at $66,123,000 after acquiring an additional 218,409 shares during the last quarter.

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Pra Group Company 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.

Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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