PRA Group's (PRAA) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• PRA Group's stock has had its "sell (d+)" rating reaffirmed by Weiss Ratings, while other analysts have provided mixed ratings, including "outperform" from Citigroup and an upgrade to "hold" from Wall Street Zen.
• The company reported a quarterly EPS of $1.08, which exceeded expectations, with revenue of $287.69 million compared to forecasts of $279.34 million.
• PRA Group's shares opened at $13.94 and have seen a 12-month low of $12.91 and a high of $25.43, indicating significant volatility in its stock price.

PRA Group (NASDAQ:PRAA - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently issued reports on PRAA. Citigroup reiterated an "outperform" rating on shares of PRA Group in a report on Tuesday, August 5th. Wall Street Zen upgraded PRA Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JMP Securities set a $24.00 price objective on PRA Group and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PRA Group has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

PRA Group Stock Up 0.4%

Shares of PRAA opened at $13.94 on Wednesday. PRA Group has a 12-month low of $12.91 and a 12-month high of $25.43. The business's fifty day moving average is $16.21 and its 200 day moving average is $16.20. The stock has a market cap of $544.69 million, a P/E ratio of 5.98 and a beta of 1.45.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.46. PRA Group had a return on equity of 6.52% and a net margin of 8.10%.The company had revenue of $287.69 million for the quarter, compared to analysts' expectations of $279.34 million. On average, analysts expect that PRA Group will post 2.1 EPS for the current year.

Institutional Investors Weigh In On PRA Group

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of PRA Group by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider's stock worth $214,000 after purchasing an additional 768 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PRA Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider's stock worth $476,000 after purchasing an additional 1,020 shares during the period. GAMMA Investing LLC raised its stake in shares of PRA Group by 301.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider's stock worth $26,000 after purchasing an additional 1,264 shares during the period. Legal & General Group Plc raised its stake in shares of PRA Group by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 105,951 shares of the business services provider's stock worth $1,563,000 after purchasing an additional 1,424 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of PRA Group by 0.6% during the 2nd quarter. American Century Companies Inc. now owns 282,204 shares of the business services provider's stock worth $4,163,000 after purchasing an additional 1,679 shares during the period. 97.22% of the stock is currently owned by 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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