Loomis Sayles & Co. L P Has $14.03 Million Holdings in Pra Group Inc (PRAA)

Loomis Sayles & Co. L P grew its position in shares of Pra Group Inc (NASDAQ:PRAA) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,836 shares of the business services provider’s stock after acquiring an additional 8,933 shares during the quarter. Loomis Sayles & Co. L P owned 0.86% of Pra Group worth $14,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Carillon Tower Advisers Inc. raised its stake in shares of Pra Group by 2.0% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 86,937 shares of the business services provider’s stock worth $3,130,000 after purchasing an additional 1,695 shares during the period. Scout Investments Inc. raised its stake in shares of Pra Group by 2.1% during the 3rd quarter. Scout Investments Inc. now owns 92,004 shares of the business services provider’s stock worth $3,312,000 after purchasing an additional 1,933 shares during the period. TD Asset Management Inc. raised its stake in shares of Pra Group by 4.1% during the 2nd quarter. TD Asset Management Inc. now owns 61,600 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 2,400 shares during the period. Cortina Asset Management LLC raised its stake in shares of Pra Group by 0.6% during the 2nd quarter. Cortina Asset Management LLC now owns 482,034 shares of the business services provider’s stock worth $18,582,000 after purchasing an additional 2,762 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of Pra Group by 5.2% during the 2nd quarter. Sterling Capital Management LLC now owns 69,713 shares of the business services provider’s stock worth $2,687,000 after purchasing an additional 3,449 shares during the period.

In related news, SVP Christopher D. Lagow sold 1,555 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $36.45, for a total value of $56,679.75. Following the sale, the senior vice president now directly owns 16,718 shares in the company, valued at approximately $609,371.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher D. Lagow sold 1,474 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $37.70, for a total value of $55,569.80. Following the completion of the sale, the senior vice president now owns 18,273 shares in the company, valued at $688,892.10. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.

A number of equities research analysts have recently commented on the company. BidaskClub cut Pra Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 16th. ValuEngine cut Pra Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Oppenheimer reiterated a “hold” rating on shares of Pra Group in a research note on Friday, November 9th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

NASDAQ PRAA opened at $27.75 on Friday. Pra Group Inc has a one year low of $26.95 and a one year high of $43.75. The firm has a market cap of $1.29 billion, a PE ratio of 19.27 and a beta of 1.61.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.13). Pra Group had a net margin of 15.69% and a return on equity of 5.80%. The firm had revenue of $225.90 million during the quarter, compared to the consensus estimate of $223.81 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, research analysts predict that Pra Group Inc will post 1.42 earnings per share for the current fiscal year.

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About Pra Group

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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Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

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