Capital Management Corp VA Decreases Holdings in PRA Group, Inc. $PRAA

Key Points

• Capital Management Corp VA trimmed its stake by 21.7% in Q4, selling 122,779 shares and ending the quarter with 442,567 PRAA shares worth about $7.83 million.
• Multiple research firms have downgraded PRAA recently, leaving a MarketBeat consensus rating of Hold with an average price target of $25.00.
• PRA Group posted a sizable quarter-over-quarter beat—$1.46 EPS vs. $0.50 expected and $333.4M revenue vs. $288.9M expected—despite a reported negative net margin of 25.39%.

Capital Management Corp VA trimmed its stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,567 shares of the business services provider's stock after selling 122,779 shares during the period. Capital Management Corp VA owned 1.13% of PRA Group worth $7,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in PRA Group by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider's stock valued at $214,000 after purchasing an additional 768 shares in the last quarter. Arizona State Retirement System lifted its holdings in PRA Group by 7.1% during the third quarter. Arizona State Retirement System now owns 11,728 shares of the business services provider's stock valued at $181,000 after purchasing an additional 781 shares in the last quarter. SG Americas Securities LLC lifted its holdings in PRA Group by 8.8% during the fourth quarter. SG Americas Securities LLC now owns 12,051 shares of the business services provider's stock valued at $213,000 after purchasing an additional 974 shares in the last quarter. Mariner LLC lifted its holdings in PRA Group by 3.2% during the third quarter. Mariner LLC now owns 31,045 shares of the business services provider's stock valued at $479,000 after purchasing an additional 975 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in PRA Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider's stock valued at $476,000 after purchasing an additional 1,020 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PRAA. Zacks Research downgraded shares of PRA Group from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Citizens Jmp lowered shares of PRA Group from a "market outperform" rating to a "market perform" rating in a research report on Wednesday, January 28th. Citigroup lowered shares of PRA Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of PRA Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $25.00.

PRA Group Price Performance

Shares of PRAA stock opened at $22.23 on Friday. The firm's 50-day moving average is $17.99 and its two-hundred day moving average is $16.20. PRA Group, Inc. has a 12 month low of $10.25 and a 12 month high of $22.55. The company has a market capitalization of $854.74 million, a PE ratio of -2.85 and a beta of 1.26.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Thursday, February 26th. The business services provider reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.96. PRA Group had a negative net margin of 25.39% and a positive return on equity of 10.50%. The company had revenue of $333.39 million for the quarter, compared to the consensus estimate of $288.86 million. Sell-side analysts forecast that PRA Group, Inc. will post 2.35 EPS for the current year.

PRA Group 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.

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