Today, PRA Group Inc. (PRAA) Decreased to “Mkt Perform” at Raymond James Financial Inc.

Today, PRA Group Inc. (PRAA) Decreased to “Mkt Perform” at Raymond James Financial Inc.
PRA Group Inc. (NASDAQ:PRAA) was downgraded by analysts at Raymond James Financial Inc. from an “outperform” rating to a “mkt perform” rating in a research note issued to investors on Wednesday.

Other equities analysts have also issued reports about the company. SunTrust Banks Inc. set a $42.00 target price on PRA Group and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, William Blair reiterated an “outperform” rating on shares of PRA Group in a report on Tuesday, September 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PRA Group currently has an average rating of “Hold” and a consensus price target of $34.20.

Shares of PRA Group (NASDAQ:PRAA) traded down 1.68% during midday trading on Wednesday, reaching $35.20. The company’s stock had a trading volume of 204,095 shares. The firm has a 50-day moving average of $32.38 and a 200-day moving average of $29.28. PRA Group has a one year low of $20.00 and a one year high of $41.69. The stock has a market cap of $1.63 billion, a PE ratio of 11.46 and a beta of 1.38.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Monday, November 7th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.03. PRA Group had a return on equity of 17.26% and a net margin of 15.87%. The firm had revenue of $222 million for the quarter, compared to analyst estimates of $229.85 million. During the same period in the previous year, the company earned $0.99 earnings per share. PRA Group’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts forecast that PRA Group will post $2.87 EPS for the current year.

In other PRA Group news, insider Michael J. Petit sold 5,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $34.23, for a total value of $171,150.00. Following the completion of the transaction, the insider now owns 96,857 shares in the company, valued at approximately $3,315,415.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Petit sold 5,500 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $34.26, for a total value of $188,430.00. Following the completion of the transaction, the insider now owns 91,857 shares of the company’s stock, valued at approximately $3,147,020.82. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its position in shares of PRA Group by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,263,344 shares of the company’s stock worth $112,716,000 after buying an additional 256,772 shares during the period. PNC Financial Services Group Inc. increased its position in shares of PRA Group by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,127,739 shares of the company’s stock worth $73,494,000 after buying an additional 56,045 shares during the period. BloombergSen Inc. increased its position in shares of PRA Group by 1.6% in the second quarter. BloombergSen Inc. now owns 1,948,627 shares of the company’s stock worth $47,040,000 after buying an additional 30,567 shares during the period. Cooke & Bieler LP increased its position in shares of PRA Group by 7.6% in the third quarter. Cooke & Bieler LP now owns 1,218,067 shares of the company’s stock worth $42,072,000 after buying an additional 85,950 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of PRA Group by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,211,240 shares of the company’s stock worth $35,598,000 after buying an additional 21,785 shares during the period.

PRA Group Company Profile

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