BidaskClub upgraded shares of Pra Group (NASDAQ:PRAA) from a hold rating to a buy rating in a report issued on Wednesday.

PRAA has been the subject of several other reports. Zacks Investment Research cut Pra Group from a hold rating to a strong sell rating in a research report on Tuesday, January 9th. Janney Montgomery Scott raised Pra Group from a sell rating to a neutral rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods cut Pra Group from an outperform rating to a market perform rating and upped their price objective for the stock from $36.00 to $40.00 in a research report on Tuesday, October 10th. Oppenheimer initiated coverage on Pra Group in a research report on Monday, January 8th. They set a hold rating for the company. Finally, UBS Group initiated coverage on Pra Group in a research report on Monday, January 8th. They set a market perform rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Pra Group has a consensus rating of Hold and a consensus price target of $40.00.

Shares of Pra Group (NASDAQ PRAA) opened at $35.25 on Wednesday. Pra Group has a 1-year low of $25.72 and a 1-year high of $42.70. The firm has a market capitalization of $1,565.11, a PE ratio of 28.43 and a beta of 1.65.

In other news, Director Penelope W. Kyle sold 1,975 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.45, for a total transaction of $66,063.75. Following the completion of the transaction, the director now directly owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in PRAA. JPMorgan Chase & Co. boosted its position in shares of Pra Group by 36.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,213 shares of the business services provider’s stock valued at $1,524,000 after purchasing an additional 10,798 shares during the period. Alliancebernstein L.P. boosted its position in shares of Pra Group by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 79,452 shares of the business services provider’s stock valued at $3,011,000 after purchasing an additional 1,500 shares during the period. Teachers Advisors LLC boosted its position in shares of Pra Group by 4.3% in the 2nd quarter. Teachers Advisors LLC now owns 84,288 shares of the business services provider’s stock valued at $3,195,000 after purchasing an additional 3,450 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Pra Group by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 247,933 shares of the business services provider’s stock valued at $9,397,000 after purchasing an additional 657 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Pra Group by 2.5% in the 2nd quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 154 shares during the period.

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Pra Group Company Profile

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.

Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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