American International Group Inc. Raises Position in Pra Group Inc (PRAA)

American International Group Inc. boosted its stake in Pra Group Inc (NASDAQ:PRAA) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,287 shares of the business services provider’s stock after purchasing an additional 1,832 shares during the period. American International Group Inc. owned about 0.08% of Pra Group worth $1,040,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PRAA. Aperio Group LLC lifted its stake in Pra Group by 8.5% in the 2nd quarter. Aperio Group LLC now owns 14,347 shares of the business services provider’s stock valued at $544,000 after purchasing an additional 1,130 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Pra Group by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,940 shares of the business services provider’s stock valued at $415,000 after purchasing an additional 390 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Pra Group by 3.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 67,251 shares of the business services provider’s stock valued at $2,542,000 after purchasing an additional 2,000 shares during the last quarter. CIBC Asset Management Inc bought a new position in Pra Group in the 2nd quarter valued at approximately $223,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Pra Group by 8.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 287,170 shares of the business services provider’s stock valued at $10,884,000 after acquiring an additional 22,999 shares during the last quarter.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Janney Montgomery Scott downgraded shares of Pra Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods downgraded shares of Pra Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $36.00 to $40.00 in a research note on Tuesday, October 10th. Raymond James Financial reaffirmed an “underperform” rating on shares of Pra Group in a research note on Thursday, September 21st. Finally, Citigroup downgraded shares of Pra Group to an “underperform” rating in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Pra Group presently has an average rating of “Hold” and a consensus price target of $40.00.

Pra Group Inc (PRAA) opened at $35.65 on Tuesday. The stock has a market cap of $1,578.66, a price-to-earnings ratio of 54.61 and a beta of 1.59. Pra Group Inc has a 52 week low of $25.72 and a 52 week high of $42.70.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). The business had revenue of $201.00 million for the quarter, compared to the consensus estimate of $196.96 million. Pra Group had a net margin of 7.57% and a return on equity of 2.98%. Pra Group’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. equities analysts predict that Pra Group Inc will post 1.38 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “American International Group Inc. Raises Position in Pra Group Inc (PRAA)” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://sportsperspectives.com/2017/12/19/american-international-group-inc-raises-position-in-pra-group-inc-praa.html.

Pra Group Profile

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

Want to see what other hedge funds are holding PRAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pra Group Inc (NASDAQ:PRAA).

Institutional Ownership by Quarter for Pra Group (NASDAQ:PRAA)

Receive News & Ratings for Pra Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pra Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply