PRA Group (NASDAQ:PRAA) Stock Crosses Above 200 Day Moving Average – Should You Sell?

PRA Group, Inc. (NASDAQ:PRAA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.54 and traded as high as $16.77. PRA Group shares last traded at $16.15, with a volume of 390,157 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on PRAA shares. Wall Street Zen downgraded PRA Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.00.

PRA Group Price Performance

The firm has a market capitalization of $615.96 million, a PE ratio of -2.26 and a beta of 1.10. The stock’s 50-day moving average price is $16.45 and its 200 day moving average price is $16.54.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.22. The firm had revenue of $314.53 million during the quarter, compared to the consensus estimate of $295.90 million. PRA Group had a negative net margin of 22.51% and a positive return on equity of 13.19%. Equities research analysts forecast that PRA Group, Inc. will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PRA Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Topline Capital Management LLC increased its stake in shares of PRA Group by 168.3% during the second quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider’s stock valued at $33,197,000 after buying an additional 1,411,707 shares during the period. State Street Corp raised its holdings in shares of PRA Group by 0.3% in the fourth quarter. State Street Corp now owns 1,499,488 shares of the business services provider’s stock valued at $26,526,000 after acquiring an additional 4,895 shares in the last quarter. Wellington Management Group LLP lifted its stake in PRA Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,296,830 shares of the business services provider’s stock worth $22,941,000 after acquiring an additional 156,520 shares during the period. Invesco Ltd. lifted its stake in PRA Group by 15.5% in the second quarter. Invesco Ltd. now owns 819,742 shares of the business services provider’s stock worth $12,091,000 after acquiring an additional 109,857 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in PRA Group by 14.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 752,064 shares of the business services provider’s stock worth $13,304,000 after acquiring an additional 95,179 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

PRA Group Company Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.