PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Rating of "Hold" by Brokerages

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.00.

PRAA has been the topic of several research reports. Weiss Ratings restated a "sell (d)" rating on shares of PRA Group in a research note on Friday, March 27th. 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. Finally, Citigroup cut shares of PRA Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 28th.

Hedge Funds Weigh In On PRA Group

A number of hedge funds have recently added to or reduced their stakes in PRAA. The Manufacturers Life Insurance Company raised its holdings in PRA Group by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider's stock valued at $214,000 after acquiring an additional 768 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of PRA Group by 7.1% during the 3rd quarter. Arizona State Retirement System now owns 11,728 shares of the business services provider's stock worth $181,000 after purchasing an additional 781 shares in the last quarter. Focus Partners Wealth increased its position in shares of PRA Group by 1.0% in the fourth quarter. Focus Partners Wealth now owns 94,900 shares of the business services provider's stock worth $1,679,000 after purchasing an additional 927 shares during the period. SG Americas Securities LLC increased its position in shares of PRA Group by 8.8% in the fourth quarter. SG Americas Securities LLC now owns 12,051 shares of the business services provider's stock worth $213,000 after purchasing an additional 974 shares during the period. Finally, Mariner LLC raised its stake in PRA Group by 3.2% in 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. Institutional investors own 97.22% of the company's stock.

PRA Group Trading Up 2.0%

NASDAQ:PRAA opened at $22.23 on Friday. The stock has a 50 day simple moving average of $17.99 and a 200 day simple moving average of $16.18. The stock has a market cap of $854.74 million, a P/E ratio of -2.85 and a beta of 1.26. PRA Group has a 1-year low of $10.25 and a 1-year high of $22.55.

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

About PRA Group

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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