Oak Ridge Investments LLC grew its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,077,845 shares of the business services provider’s stock after buying an additional 9,745 shares during the quarter. PRA Group makes up 1.3% of Oak Ridge Investments LLC’s portfolio, making the stock its 28th largest position. Oak Ridge Investments LLC owned about 2.32% of PRA Group worth $40,850,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of PRAA. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in PRA Group by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after buying an additional 304 shares in the last quarter. Independence Advisors LLC bought a new stake in PRA Group during the 2nd quarter worth about $112,000. Huntington National Bank lifted its position in PRA Group by 5.5% during the 2nd quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock worth $117,000 after buying an additional 162 shares in the last quarter. Quantbot Technologies LP bought a new stake in PRA Group during the 1st quarter worth about $125,000. Finally, Ameritas Investment Partners Inc. bought a new stake in PRA Group during the 1st quarter worth about $132,000.
PRA Group, Inc. (PRAA) traded down 0.69% on Friday, hitting $28.80. 854,470 shares of the stock traded hands. The firm has a market capitalization of $1.30 billion, a PE ratio of 17.56 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 stock has a 50 day moving average of $32.10 and a 200 day moving average of $34.49.
PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.23). PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis. Equities research analysts anticipate that PRA Group, Inc. will post $2.09 earnings per share for the current year.
Several brokerages have commented on PRAA. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Keefe, Bruyette & Woods began coverage on shares of PRA Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.00.
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.
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