PRA Group (NASDAQ:PRAA) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.50 and traded as high as $16.54. PRA Group shares last traded at $15.87, with a volume of 196,209 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on PRAA. Citigroup reiterated an "outperform" rating on shares of PRA Group in a report on Tuesday, August 5th. JMP Securities set a $24.00 price target on PRA Group and gave the company a "market outperform" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised PRA Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $27.50.

PRA Group Price Performance

The firm has a market cap of $620.04 million, a PE ratio of 6.81 and a beta of 1.50. The business has a fifty day moving average price of $16.35 and a two-hundred day moving average price of $16.50.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.46. PRA Group had a return on equity of 6.52% and a net margin of 8.10%.The firm had revenue of $287.69 million during the quarter, compared to the consensus estimate of $279.34 million. As a group, sell-side analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in PRA Group by 437.3% in the 2nd quarter. Squarepoint Ops LLC now owns 93,999 shares of the business services provider's stock worth $1,386,000 after buying an additional 76,505 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of PRA Group during the 2nd quarter valued at $397,000. Public Sector Pension Investment Board increased its stake in shares of PRA Group by 8.1% in the second quarter. Public Sector Pension Investment Board now owns 135,212 shares of the business services provider's stock worth $1,994,000 after acquiring an additional 10,129 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of PRA Group by 24.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 51,284 shares of the business services provider's stock worth $756,000 after acquiring an additional 9,912 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of PRA Group by 375.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider's stock worth $71,000 after acquiring an additional 3,777 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.

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