The stock of Pra Group Inc (NASDAQ:PRAA) is a huge mover today! About 923,204 shares traded hands or 141.50% up from the average. Pra Group Inc (NASDAQ:PRAA) has declined 7.45% since April 8, 2016 and is downtrending. It has underperformed by 13.10% the S&P500.
The move comes after 9 months positive chart setup for the $1.42B company. It was reported on Nov, 10 by Barchart.com. We have $40.57 PT which if reached, will make NASDAQ:PRAA worth $468.60 million more.
Pra Group Inc (NASDAQ:PRAA) Ratings Coverage
Out of 3 analysts covering Portfolio Recovery Associates (NASDAQ:PRAA), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Portfolio Recovery Associates has been the topic of 7 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, May 10 by Raymond James. The rating was downgraded by JMP Securities on Friday, February 26 to “Mkt Perform”. The stock of Pra Group Inc (NASDAQ:PRAA) has “Strong Buy” rating given on Tuesday, November 17 by Raymond James. Raymond James downgraded the shares of PRAA in a report on Tuesday, November 8 to “Mkt Perform” rating. The rating was initiated by First Analysis on Tuesday, June 7 with “Overweight”.
According to Zacks Investment Research, “PRA Group, Inc. is a financial and business service company. The Company’s primary business is the purchase, collection and management of portfolios of defaulted consumer receivables. It also services receivables on behalf of clients and provides class action claims settlement recovery services and related payment processing to corporate clients. The Company operates principally in the United States and the United Kingdom. PRA Group, Inc., formerly known as Portfolio Recovery Associates, Inc., is headquartered in Norfolk, Virginia.”
Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.12, from 0.86 in 2016Q1. The ratio is negative, as 44 funds sold all Pra Group Inc shares owned while 77 reduced positions. 23 funds bought stakes while 66 increased positions. They now own 45.37 million shares or 2.99% less from 46.77 million shares in 2016Q1.
Louisiana State Employees Retirement Systems holds 0.03% of its portfolio in Pra Group Inc (NASDAQ:PRAA) for 20,500 shares. Granahan Mgmt Incorporated Ma holds 406,171 shares or 0.36% of its portfolio. Citadel Advsr Lc holds 0% or 44,489 shares in its portfolio. Hap Trading Ltd holds 78,143 shares or 0.11% of its portfolio. Ngam Advisors Limited Partnership last reported 0.01% of its portfolio in the stock. Redmond Asset Mngmt Ltd Liability Corp has invested 2.47% of its portfolio in Pra Group Inc (NASDAQ:PRAA). Brown Advisory holds 0% or 51,300 shares in its portfolio. Toronto Dominion Comml Bank has 0% invested in the company for 1,785 shares. Parametric Portfolio Limited Liability Co, a Washington-based fund reported 46,030 shares. Capstone Asset Management Com, a Texas-based fund reported 14,068 shares. Rhumbline Advisers holds 72,765 shares or 0.01% of its portfolio. Lpl Fincl Limited Liability Corp accumulated 14,988 shares or 0% of the stock. Bath Savings has 25,022 shares for 0.19% of their US portfolio. Pitcairn accumulated 0.03% or 10,738 shares. Impact Advsr Ltd Llc holds 0.62% of its portfolio in Pra Group Inc (NASDAQ:PRAA) for 54,717 shares.
Insider Transactions: Since May 11, 2016, the stock had 1 buy, and 4 insider sales for $333,054 net activity. $240,083 worth of shares were sold by Petit Michael J on Tuesday, August 9. $1.01M worth of Pra Group Inc (NASDAQ:PRAA) was bought by ROBERTS DAVID N on Wednesday, May 11. 25,000 Pra Group Inc (NASDAQ:PRAA) shares with value of $675,750 were bought by Olsen Geir.
More recent Pra Group Inc (NASDAQ:PRAA) news were published by: Nasdaq.com which released: “PRA Group Inc. Q3 Earnings Drop 24%” on November 07, 2016. Also Fool.com published the news titled: “Why Shares of PRA Group Inc. Are Plunging Today” on May 10, 2016. Fool.com‘s news article titled: “PRA Group, Inc. Collects a Decent Quarter” with publication date: August 11, 2016 was also an interesting one.
PRAA Company Profile
PRA Group, Inc. (PRA Group), formerly Portfolio Recovery Associates, Inc., incorporated on August 7, 2002, is a financial and business services firm with activities in the Americas and Europe. The Firm is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. The Company’s business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming consumer loans. It also provides fee services, including contingent collections of nonperforming loans in Europe; vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and debt discovery services for local government entities, and class action claims recovery services and related payment processing.
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