First Mercantile Trust Co. Increases Stake in Pra Group Inc (PRAA)

First Mercantile Trust Co. lifted its holdings in Pra Group Inc (NASDAQ:PRAA) by 21.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,740 shares of the business services provider’s stock after purchasing an additional 1,181 shares during the period. First Mercantile Trust Co.’s holdings in Pra Group were worth $164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PRAA. PNC Financial Services Group Inc. lifted its position in shares of Pra Group by 66.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,495,768 shares of the business services provider’s stock worth $53,848,000 after purchasing an additional 596,684 shares during the period. Peregrine Capital Management LLC lifted its position in shares of Pra Group by 100.1% in the 4th quarter. Peregrine Capital Management LLC now owns 318,150 shares of the business services provider’s stock worth $7,753,000 after purchasing an additional 159,134 shares during the period. Nordea Investment Management AB lifted its position in shares of Pra Group by 77.9% in the 3rd quarter. Nordea Investment Management AB now owns 343,380 shares of the business services provider’s stock worth $12,361,000 after purchasing an additional 150,350 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Pra Group by 5.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,696,367 shares of the business services provider’s stock worth $97,069,000 after purchasing an additional 150,208 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its position in shares of Pra Group by 22.7% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 603,883 shares of the business services provider’s stock worth $21,740,000 after purchasing an additional 111,900 shares during the period.

NASDAQ PRAA opened at $29.85 on Monday. The company has a market cap of $1.35 billion, a P/E ratio of 22.44 and a beta of 1.83. Pra Group Inc has a 52 week low of $22.62 and a 52 week high of $43.75.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.13). The firm 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 company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. On average, analysts forecast that Pra Group Inc will post 1.38 earnings per share for the current year.

Several equities research analysts have recently weighed in on PRAA shares. Oppenheimer reaffirmed a “hold” rating on shares of Pra Group in a research report on Friday, November 9th. Buckingham Research began coverage on shares of Pra Group in a research report on Thursday, January 3rd. They issued a “neutral” rating for the company. BidaskClub lowered shares of Pra Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 16th. Finally, ValuEngine lowered shares of Pra Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Pra Group presently has an average rating of “Hold” and a consensus price target of $35.00.

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

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