State Board of Administration of Florida Retirement System maintained its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,365 shares of the business services provider’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of PRA Group worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PRAA. Great West Life Assurance Co. Can grew its position in shares of PRA Group by 7.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 65,251 shares of the business services provider’s stock worth $2,160,000 after buying an additional 4,309 shares during the period. First Trust Advisors LP grew its position in PRA Group by 15.5% in the 1st quarter. First Trust Advisors LP now owns 52,632 shares of the business services provider’s stock valued at $1,745,000 after purchasing an additional 7,080 shares during the period. Comerica Bank grew its position in PRA Group by 3.4% in the 1st quarter. Comerica Bank now owns 52,098 shares of the business services provider’s stock valued at $1,701,000 after purchasing an additional 1,727 shares during the period. Swiss National Bank grew its position in PRA Group by 2.6% in the 1st quarter. Swiss National Bank now owns 76,400 shares of the business services provider’s stock valued at $2,533,000 after purchasing an additional 1,900 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in PRA Group by 18.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 24,473 shares of the business services provider’s stock valued at $811,000 after purchasing an additional 3,731 shares during the period.

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Shares of PRA Group, Inc. (NASDAQ:PRAA) opened at 29.30 on Tuesday. The firm has a market cap of $1.32 billion, a P/E ratio of 17.87 and a beta of 1.50. PRA Group, Inc. has a 52-week low of $23.15 and a 52-week high of $42.70. The company has a 50-day moving average of $31.83 and a 200 day moving average of $34.39.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.23). The firm had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. PRA Group’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. On average, equities analysts expect that PRA Group, Inc. will post $2.09 earnings per share for the current year.

Several analysts recently issued reports on PRAA shares. Keefe, Bruyette & Woods started coverage on shares of PRA Group in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $40.00 price target for the company. BidaskClub downgraded shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. PRA Group presently has an average rating of “Hold” and a consensus target price of $38.00.

About PRA Group

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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