PRA Group (NASDAQ:PRAA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PRA Group (NASDAQ:PRAA) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

PRAA has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research note on Wednesday, June 24th. Zacks Research upgraded shares of PRA Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PRA Group currently has an average rating of “Hold” and a consensus target price of $26.00.

PRA Group Trading Down 1.8%

Shares of PRAA opened at $20.23 on Friday. The company has a market capitalization of $761.66 million, a price-to-earnings ratio of -3.01 and a beta of 1.11. The stock has a 50 day moving average of $17.66 and a 200 day moving average of $16.76. PRA Group has a 12 month low of $10.25 and a 12 month high of $22.55.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.99. PRA Group had a positive return on equity of 15.56% and a negative net margin of 19.91%.The business had revenue of $372.17 million for the quarter, compared to analyst estimates of $299.99 million. As a group, equities research analysts predict that PRA Group will post 3.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in PRA Group during the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of PRA Group by 145.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock valued at $44,000 after buying an additional 1,471 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of PRA Group during the 2nd quarter valued at approximately $49,000. Larson Financial Group LLC boosted its holdings in PRA Group by 146.8% in the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after buying an additional 1,694 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in PRA Group by 375.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after buying an additional 3,777 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

About PRA Group

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.