Pra Group Inc (PRAA) Shares Sold by Nexus Investment Management Inc.

Nexus Investment Management Inc. reduced its stake in shares of Pra Group Inc (NASDAQ:PRAA) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,500 shares of the business services provider’s stock after selling 1,953 shares during the quarter. Pra Group comprises approximately 2.0% of Nexus Investment Management Inc.’s holdings, making the stock its 23rd largest position. Nexus Investment Management Inc. owned about 1.03% of Pra Group worth $11,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRAA. Scout Investments Inc. boosted its stake in Pra Group by 2.1% during the third quarter. Scout Investments Inc. now owns 92,004 shares of the business services provider’s stock worth $3,312,000 after buying an additional 1,933 shares during the period. Loomis Sayles & Co. L P boosted its stake in Pra Group by 2.3% during the third quarter. Loomis Sayles & Co. L P now owns 389,836 shares of the business services provider’s stock worth $14,034,000 after buying an additional 8,933 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Pra Group by 8.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 392,278 shares of the business services provider’s stock worth $15,123,000 after buying an additional 29,819 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Pra Group by 40.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 360,650 shares of the business services provider’s stock worth $12,983,000 after buying an additional 104,239 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Pra Group by 66.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,495,768 shares of the business services provider’s stock worth $53,848,000 after buying an additional 596,684 shares during the period.

Shares of NASDAQ:PRAA traded up $0.39 on Monday, hitting $28.87. 8,949 shares of the company’s stock were exchanged, compared to its average volume of 297,337. Pra Group Inc has a 12 month low of $22.62 and a 12 month high of $43.75. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.57 and a beta of 1.71.

Pra Group (NASDAQ:PRAA) last released its earnings results on Thursday, November 8th. The business services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.13). The business had revenue of $225.90 million for the quarter, compared to the consensus estimate of $223.81 million. Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, analysts forecast that Pra Group Inc will post 1.42 EPS for the current fiscal year.

Several research analysts have commented on the stock. BidaskClub raised shares of Pra Group from a “hold” rating to a “buy” rating in a research note on Saturday. Buckingham Research assumed coverage on shares of Pra Group in a research note on Thursday, January 3rd. They set a “neutral” rating for the company. ValuEngine lowered shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Zacks Investment Research raised shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a research note on Friday, November 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Pra Group currently has a consensus rating of “Hold” and a consensus target price of $35.00.

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Pra Group Company Profile

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

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