PRA Group (NASDAQ:PRAA) Stock Price Up 3.7%

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report)'s stock price rose 3.7% on Wednesday . The stock traded as high as $23.15 and last traded at $23.14. Approximately 6,507 shares traded hands during trading, a decline of 97% from the average daily volume of 217,190 shares. The stock had previously closed at $22.31.

Analyst Upgrades and Downgrades

PRAA has been the subject of several recent analyst reports. JMP Securities increased their target price on PRA Group from $26.00 to $33.00 and gave the company a "market outperform" rating in a research note on Friday, February 16th. StockNews.com upgraded PRA Group from a "sell" rating to a "hold" rating in a research report on Friday, February 16th.

PRA Group Stock Performance

The stock has a 50-day simple moving average of $24.96 and a 200 day simple moving average of $21.91. The company has a market cap of $943.57 million, a P/E ratio of -11.29 and a beta of 1.46.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.13. PRA Group had a negative return on equity of 6.82% and a negative net margin of 10.40%. The company had revenue of $221.42 million during the quarter, compared to the consensus estimate of $208.25 million. During the same quarter last year, the company earned $0.41 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that PRA Group, Inc. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PRA Group

A number of hedge funds have recently modified their holdings of PRAA. CWM LLC increased its holdings in PRA Group by 90.5% during the 4th quarter. CWM LLC now owns 1,189 shares of the business services provider's stock valued at $31,000 after purchasing an additional 565 shares in the last quarter. Group One Trading L.P. increased its holdings in PRA Group by 106.7% during the 1st quarter. Group One Trading L.P. now owns 700 shares of the business services provider's stock valued at $32,000 after purchasing an additional 11,133 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in PRA Group by 147.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,073 shares of the business services provider's stock valued at $42,000 after purchasing an additional 639 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in PRA Group by 38.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider's stock valued at $47,000 after purchasing an additional 290 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in PRA Group by 1,032.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,512 shares of the business services provider's stock valued at $67,000 after purchasing an additional 3,202 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.