A number of other equities analysts also recently issued reports on PRAA. William Blair reiterated an “outperform” rating on shares of PRA Group in a research note on Tuesday, March 1st. JMP Securities cut their target price on PRA Group from $60.00 to $56.00 and set a “market outperform” rating on the stock in a research note on Tuesday, March 1st.
PRAA stock opened at $44.72 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of 11.07 and a beta of 1.32. PRA Group has a 52-week low of $36.31 and a 52-week high of $51.00. The business has a 50-day simple moving average of $45.06 and a two-hundred day simple moving average of $45.29.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd boosted its stake in shares of PRA Group by 53.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 919 shares of the business services provider’s stock worth $39,000 after buying an additional 321 shares during the last quarter. Marshall Wace North America L.P. raised its holdings in shares of PRA Group by 32.9% in the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock worth $44,000 after purchasing an additional 410 shares during the period. CastleArk Alternatives LLC bought a new stake in shares of PRA Group in the 3rd quarter worth approximately $48,000. Sageworth Trust Co of South Dakota bought a new stake in shares of PRA Group in the 4th quarter worth approximately $71,000. Finally, Stephens Inc. AR raised its holdings in shares of PRA Group by 8.7% in the 3rd quarter. Stephens Inc. AR now owns 4,067 shares of the business services provider’s stock worth $171,000 after purchasing an additional 325 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.
About PRA Group (Get Rating)
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.
- Get a free copy of the StockNews.com research report on PRA Group (PRAA)
- MarketBeat: Week in Review 4/11 – 4/15
- Three Beaten Down Mega Caps The Analysts Are Upgrading
- Top 3 Safe Stocks for Conservative Investors
- Array Technologies Stock Giving Another Ground Floor Entry
- UiPath Stock is Nearing Rock Bottom Down Here
Receive News & Ratings for PRA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group and related companies with MarketBeat.com's FREE daily email newsletter.