Is PRA Group, Inc. (PRAA)’s Fuel Running Low? The Stock Reaches 52-Week High Today

June 16, 2018 - By Clifton Ray

PRA Group, Inc. (NASDAQ:PRAA) Logo

Investors sentiment increased to 1.1 in Q1 2018. Its up 0.29, from 0.81 in 2017Q4. It is positive, as 17 investors sold PRA Group, Inc. shares while 65 reduced holdings. 20 funds opened positions while 70 raised stakes. 50.98 million shares or 0.89% more from 50.53 million shares in 2017Q4 were reported.
Teachers Retirement Sys Of The State Of Kentucky holds 0.01% of its portfolio in PRA Group, Inc. (NASDAQ:PRAA) for 12,594 shares. Ameritas Ptnrs accumulated 3,981 shares or 0.01% of the stock. Colorado-based Advisors Asset Management Inc has invested 0% in PRA Group, Inc. (NASDAQ:PRAA). Pnc Fin Services Gru Inc Inc stated it has 939,841 shares or 0.04% of all its holdings. Grandeur Peak Advsrs Lc reported 274,275 shares. Peak6 Invests Ltd Partnership reported 0% of its portfolio in PRA Group, Inc. (NASDAQ:PRAA). Cooke Bieler L P owns 1.23 million shares for 0.87% of their portfolio. Arrowstreet Capital Partnership accumulated 0% or 14,575 shares. 1,841 are held by Captrust Fincl Advsr. Account Mngmt Limited Com reported 94,334 shares. Manufacturers Life The holds 33,456 shares or 0% of its portfolio. Assetmark has 0% invested in PRA Group, Inc. (NASDAQ:PRAA) for 646 shares. Sg Americas Securities Ltd Liability has invested 0% in PRA Group, Inc. (NASDAQ:PRAA). Ameriprise Fincl holds 0% or 239,127 shares in its portfolio. Torray Ltd Company reported 21,948 shares stake.

Since December 29, 2017, it had 0 buys, and 4 insider sales for $1.03 million activity. KYLE PENELOPE W sold $66,064 worth of stock or 1,975 shares.

The stock of PRA Group, Inc. (NASDAQ:PRAA) hit a new 52-week high and has $42.69 target or 3.00 % above today’s $41.45 share price. The 9 months bullish chart indicates low risk for the $1.88 billion company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $42.69 price target is reached, the company will be worth $56.31 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.97% or $0.4 during the last trading session, reaching $41.45. About 319,127 shares traded or 15.37% up from the average. PRA Group, Inc. (NASDAQ:PRAA) has risen 11.20% since June 16, 2017 and is uptrending. It has underperformed by 1.37% the S&P500.

Analysts await PRA Group, Inc. (NASDAQ:PRAA) to report earnings on August, 14. They expect $0.43 EPS, up 72.00 % or $0.18 from last year’s $0.25 per share. PRAA’s profit will be $19.47M for 24.10 P/E if the $0.43 EPS becomes a reality. After $0.47 actual EPS reported by PRA Group, Inc. for the previous quarter, Wall Street now forecasts -8.51 % negative EPS growth.

PRA Group, Inc. (NASDAQ:PRAA) Ratings Coverage

Among 3 analysts covering Pra Group (NASDAQ:PRAA), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Pra Group had 3 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $37.0 target in Thursday, December 21 report. As per Wednesday, February 28, the company rating was upgraded by Raymond James. The rating was initiated by Oppenheimer on Monday, January 8 with “Hold”.

More news for PRA Group, Inc. (NASDAQ:PRAA) were recently published by: Nasdaq.com, which released: “PRA Group to Present at the William Blair 38th Annual Growth Stock Conference” on June 12, 2018. Globenewswire.com‘s article titled: “PRA Group Appoints Martin Sjölund President of European Operations” and published on June 04, 2018 is yet another important article.

PRA Group, Inc., a financial and business service company, engages in the purchase, collection, and management of portfolios of nonperforming loans that have been charged-off by the credit grantor in the Americas and Europe. The company has market cap of $1.88 billion. 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. It has a 11.71 P/E ratio. The firm also acquires nonperforming loans, including Visa and MasterCard credit cards, private label and other credit cards, installment loans, lines of credit, deficiency balances of various types, legal judgments, and trade payables from banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, automobile finance companies, student loan companies, and other debt owners.

PRA Group, Inc. (NASDAQ:PRAA) Ratings Chart

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