Bath Savings Trust Co cut its position in Pra Group Inc (NASDAQ:PRAA) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,051 shares of the business services provider’s stock after selling 2,450 shares during the period. Bath Savings Trust Co owned 0.06% of Pra Group worth $672,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in PRAA. We Are One Seven LLC bought a new position in shares of Pra Group during the fourth quarter worth about $82,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Pra Group by 20.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,442 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 583 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in Pra Group by 21.2% in the 4th quarter. First Mercantile Trust Co. now owns 6,740 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 1,181 shares during the last quarter. Pitcairn Co. lifted its holdings in Pra Group by 7.4% in the 4th quarter. Pitcairn Co. now owns 9,925 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 683 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. lifted its holdings in Pra Group by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,768 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 352 shares during the last quarter.
A number of brokerages have weighed in on PRAA. BidaskClub downgraded shares of Pra Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. ValuEngine downgraded shares of Pra Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. William Blair reaffirmed an “outperform” rating on shares of Pra Group in a research note on Friday, March 1st. Finally, Buckingham Research started coverage on shares of Pra Group in a research note on Thursday, January 3rd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.00.
Pra Group (NASDAQ:PRAA) last issued its earnings results on Thursday, February 28th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $236.74 million for the quarter, compared to the consensus estimate of $228.68 million. Pra Group had a return on equity of 5.72% and a net margin of 7.23%. As a group, equities research analysts predict that Pra Group Inc will post 1.81 EPS for the current fiscal year.
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About Pra Group
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
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