Pra Group (PRAA) Rating Reiterated by Oppenheimer
Several other research analysts also recently commented on the company. Raymond James Financial raised Pra Group from an underperform rating to a market perform rating in a research report on Wednesday, February 28th. William Blair restated an outperform rating on shares of Pra Group in a research report on Tuesday, February 20th. BidaskClub cut Pra Group from a buy rating to a hold rating in a research report on Wednesday, February 21st. Zacks Investment Research upgraded Pra Group from a sell rating to a hold rating in a research report on Wednesday, January 31st. Finally, UBS Group initiated coverage on Pra Group in a research report on Monday, January 8th. They set a market perform rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Pra Group currently has an average rating of Hold and an average price target of $40.00.
Shares of Pra Group (NASDAQ:PRAA) traded down $0.65 during midday trading on Thursday, reaching $38.25. The company’s stock had a trading volume of 41,316 shares, compared to its average volume of 365,508. The company has a market cap of $1,759.27, a P/E ratio of 29.25 and a beta of 1.50. Pra Group has a 52 week low of $25.72 and a 52 week high of $40.15.
Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in Pra Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after buying an additional 305 shares in the last quarter. Zions Bancorporation acquired a new stake in Pra Group in the 3rd quarter valued at $121,000. SG Americas Securities LLC acquired a new stake in Pra Group in the 3rd quarter valued at $189,000. Amalgamated Bank acquired a new stake in Pra Group in the 4th quarter valued at $215,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Pra Group in the 3rd quarter valued at $259,000.
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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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