Raymond James Financial Inc. Decreases Position in PRA Group, Inc. $PRAA

Raymond James Financial Inc. lessened its position in PRA Group, Inc. (NASDAQ:PRAA) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 359,150 shares of the business services provider’s stock after selling 7,384 shares during the period. Raymond James Financial Inc. owned about 0.91% of PRA Group worth $7,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mariner LLC boosted its stake in PRA Group by 4.8% during the 4th quarter. Mariner LLC now owns 11,175 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 515 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PRA Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,061 shares of the business services provider’s stock valued at $461,000 after purchasing an additional 779 shares in the last quarter. State of Wyoming lifted its holdings in shares of PRA Group by 9.0% during the fourth quarter. State of Wyoming now owns 10,255 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 850 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in PRA Group by 4.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,378 shares of the business services provider’s stock worth $956,000 after buying an additional 1,834 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its position in PRA Group by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 76,125 shares of the business services provider’s stock worth $1,570,000 after buying an additional 2,012 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

PRA Group Stock Down 1.1%

NASDAQ PRAA opened at $16.90 on Wednesday. The company has a 50-day moving average price of $15.93 and a 200-day moving average price of $17.00. PRA Group, Inc. has a 52 week low of $12.91 and a 52 week high of $25.43. The firm has a market capitalization of $660.28 million, a P/E ratio of 7.25 and a beta of 1.50.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.46. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. The company had revenue of $287.69 million for the quarter, compared to the consensus estimate of $279.34 million. As a group, equities research analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PRAA shares. JMP Securities set a $24.00 price target on shares of PRA Group and gave the company a “market outperform” rating in a report on Tuesday, August 5th. Citigroup reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $27.50.

PRA Group Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. 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.