Ownership Action to Note: Portfolio Recovery Associates Inc (NASDAQ:PRAA) Institutional Investor Positioning

November 30, 2016 - By Marguerite Chambers   ·   0 Comments

Ownership Action to Note: Portfolio Recovery Associates Inc (NASDAQ:PRAA) Institutional Investor Positioning

Sentiment for Portfolio Recovery Associates Inc (NASDAQ:PRAA)

Portfolio Recovery Associates Inc (NASDAQ:PRAA) institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.27, from 0.74 in 2016Q1. The ratio is positive, as 89 active investment managers opened new and increased stock positions, while 121 trimmed and sold equity positions in Portfolio Recovery Associates Inc. The active investment managers in our partner’s database now own: 45.37 million shares, down from 46.77 million shares in 2016Q1. Also, the number of active investment managers holding Portfolio Recovery Associates Inc in their top 10 stock positions decreased from 6 to 5 for a decrease of 1. Sold All: 44 Reduced: 77 Increased: 66 New Position: 23.

PRA Group, Inc. , formerly Portfolio Recovery Associates, Inc., is a financial and business services firm with activities in the Americas and Europe. The company has a market cap of $1.65 billion. The Firm is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. It has a 11.74 P/E ratio. 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.

About 206,578 shares traded hands. Pra Group Inc (NASDAQ:PRAA) has risen 3.38% since April 27, 2016 and is uptrending. It has underperformed by 1.85% the S&P500.

Analysts await Pra Group Inc (NASDAQ:PRAA) to report earnings on February, 23. They expect $0.69 EPS, down 33.01% or $0.34 from last year’s $1.03 per share. PRAA’s profit will be $31.54 million for 13.08 P/E if the $0.69 EPS becomes a reality. After $0.68 actual EPS reported by Pra Group Inc for the previous quarter, Wall Street now forecasts 1.47% EPS growth.

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.”

Bloombergsen Inc. holds 4.96% of its portfolio in Pra Group Inc for 1.95 million shares. Grandeur Peak Global Advisors Llc owns 562,450 shares or 3.31% of their US portfolio. Moreover, Irving Magee Investment Management has 2.83% invested in the company for 240,438 shares. The Pennsylvania-based S&T Bank Pa has invested 2.77% in the stock. Redmond Asset Management Llc, a Virginia-based fund reported 205,220 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 5 insider sales for $1.20 million net activity.

Pra Group Inc (NASDAQ:PRAA) Ratings Coverage

Ratings analysis reveals 33% of Portfolio Recovery Associates’s analysts are positive. Out of 3 Wall Street analysts rating Portfolio Recovery Associates, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $32 while the high is $68. The stock’s average target of $48.50 is 34.35% above today’s ($36.1) share price. PRAA was included in 7 notes of analysts from October 14, 2015. JMP Securities downgraded the shares of PRAA in a report on Friday, February 26 to “Mkt Perform” rating. Raymond James downgraded the shares of PRAA in a report on Tuesday, November 8 to “Mkt Perform” rating. The firm has “Outperform” rating given on Tuesday, May 10 by Raymond James. The rating was initiated by First Analysis with “Overweight” on Tuesday, June 7. Raymond James upgraded Pra Group Inc (NASDAQ:PRAA) on Tuesday, November 17 to “Strong Buy” rating.

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.

More news for Pra Group Inc (NASDAQ:PRAA) were recently published by: Fool.com, which released: “Why Shares of PRA Group Inc. Are Plunging Today” on May 10, 2016. Fool.com‘s article titled: “PRA Group, Inc. Collects a Decent Quarter” and published on August 11, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marguerite Chambers


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>