Stock of The Day: Could Pra Group Inc Crash Even More? The Stock Had Another Big Decline Today

Stock of The Day: Could Pra Group Inc Crash Even More? The Stock Had Another Big Decline Today

The stock of Pra Group Inc (NASDAQ:PRAA) is a huge mover today! About 1.73M shares traded hands or 490.53% up from the average. Pra Group Inc (NASDAQ:PRAA) has risen 3.85% since April 6, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.
The move comes after 8 months negative chart setup for the $1.24 billion company. It was reported on Nov, 8 by Barchart.com. We have $24.32 PT which if reached, will make NASDAQ:PRAA worth $111.60 million less.

Pra Group Inc (NASDAQ:PRAA) Ratings Coverage

Out of 3 analysts covering Portfolio Recovery Associates (NASDAQ:PRAA), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Portfolio Recovery Associates has been the topic of 6 analyst reports since October 14, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Outperform” rating in Tuesday, May 10 report. First Analysis initiated the shares of PRAA in a report on Tuesday, June 7 with “Overweight” rating. The company was upgraded on Tuesday, November 17 by Raymond James. The stock has “Mkt Perform” rating given by JMP Securities on Friday, February 26.

According to Zacks Investment Research, “PRA Group, Inc. is a financial and business service company. The Company’s primary business is the purchase, collection and management of portfolios of defaulted consumer receivables. It also services receivables on behalf of clients and provides class action claims settlement recovery services and related payment processing to corporate clients. The Company operates principally in the United States and the United Kingdom. PRA Group, Inc., formerly known as Portfolio Recovery Associates, Inc., is headquartered in Norfolk, Virginia.”

Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.12, from 0.86 in 2016Q1. The ratio dropped, as 44 funds sold all Pra Group Inc shares owned while 77 reduced positions. 23 funds bought stakes while 66 increased positions. They now own 45.37 million shares or 2.99% less from 46.77 million shares in 2016Q1.
Thrivent Financial For Lutherans has 22,550 shares for 0% of their US portfolio. Moreover, Blackrock Group has 0% invested in Pra Group Inc (NASDAQ:PRAA) for 62,076 shares. Fifth Third Bank reported 1,974 shares or 0% of all its holdings. Savings Bank Of Montreal Can last reported 0% of its portfolio in the stock. Jnba Fin Advsrs has 0% invested in the company for 300 shares. Royal Natl Bank Of Canada has 901,080 shares for 0.01% of their US portfolio. The California-based Blackrock Institutional Na has invested 0% in Pra Group Inc (NASDAQ:PRAA). Ngam Advsr Ltd Partnership has 17,404 shares for 0.01% of their US portfolio. Welch And Forbes Ltd Liability Corporation owns 11,300 shares or 0.01% of their US portfolio. Ami Asset Mngmt Corporation, a California-based fund reported 469,585 shares. Proshare Advsrs Ltd Liability Com last reported 0% of its portfolio in the stock. Loomis Sayles & Communications Limited Partnership last reported 187,818 shares in the company. Raymond James & Associates holds 0.01% or 81,977 shares in its portfolio. Mackenzie Financial has 90,984 shares for 0.01% of their US portfolio. Bath Savings Tru Com last reported 25,022 shares in the company.

Insider Transactions: Since May 11, 2016, the stock had 1 insider purchase, and 4 sales for $333,054 net activity. 3,000 shares were sold by Petit Michael J, worth $84,340. Olsen Geir also bought $675,750 worth of Pra Group Inc (NASDAQ:PRAA) on Tuesday, May 17. 40,000 shares were bought by ROBERTS DAVID N, worth $1.01M on Wednesday, May 11.

More notable recent Pra Group Inc (NASDAQ:PRAA) news were published by: Nasdaq.com which released: “PRA Group Inc. Q3 Earnings Drop 24%” on November 07, 2016, also Fool.com with their article: “Why Shares of PRA Group Inc. Are Plunging Today” published on May 10, 2016, Fool.com published: “PRA Group, Inc. Collects a Decent Quarter” on August 11, 2016. More interesting news about Pra Group Inc (NASDAQ:PRAA) were released by: Pennrecord.com and their article: “Consumer alleges Synchrony Bank, PRA Group reported inaccurate information on …” published on November 07, 2016 as well as Fool.com‘s news article titled: “PRA Group Keeps Sliding on Decreasing Debt Supply” with publication date: February 26, 2016.

PRAA Company Profile

PRA Group, Inc. (PRA Group), formerly Portfolio Recovery Associates, Inc., incorporated on August 7, 2002, is a financial and business services firm with activities in the Americas and Europe. The Firm is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. The Company’s business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming consumer loans. It also provides fee services, including contingent collections of nonperforming loans in Europe; vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and debt discovery services for local government entities, and class action claims recovery services and related payment processing.

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