Portfolio Recovery Associates Inc (NASDAQ:PRAA) Sentiment Increased in 2019 Q1

PRA Group, Inc. (NASDAQ:PRAA) Logo

Sentiment for Portfolio Recovery Associates Inc (NASDAQ:PRAA)

Portfolio Recovery Associates Inc (NASDAQ:PRAA) institutional sentiment increased to 1.16 in 2019 Q1. Its up 0.37, from 0.79 in 2018Q4. The ratio increased, as 80 hedge funds increased or opened new positions, while 69 reduced and sold stock positions in Portfolio Recovery Associates Inc. The hedge funds in our partner’s database reported: 49.87 million shares, down from 52.65 million shares in 2018Q4. Also, the number of hedge funds holding Portfolio Recovery Associates Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 57 Increased: 58 New Position: 22.

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 $1.59 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 27.38 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.

The stock increased 1.65% or $0.57 during the last trading session, reaching $35.04. About 341,832 shares traded or 55.89% up from the average. PRA Group, Inc. (NASDAQ:PRAA) has declined 22.08% since September 11, 2018 and is downtrending. It has underperformed by 22.08% the S&P500.

Analysts await PRA Group, Inc. (NASDAQ:PRAA) to report earnings on November, 14. They expect $0.47 earnings per share, up 113.64 % or $0.25 from last year’s $0.22 per share. PRAA’s profit will be $21.34 million for 18.64 P/E if the $0.47 EPS becomes a reality. After $0.41 actual earnings per share reported by PRA Group, Inc. for the previous quarter, Wall Street now forecasts 14.63 % EPS growth.

Turtle Creek Asset Management Inc. holds 8.48% of its portfolio in PRA Group, Inc. for 4.11 million shares. Nexus Investment Management Inc. owns 465,500 shares or 1.84% of their US portfolio. Moreover, S&T Bank Pa has 1.71% invested in the company for 283,267 shares. The Wisconsin-based Broadview Advisors Llc has invested 1.69% in the stock. Investment Management Of Virginia Llc, a Virginia-based fund reported 263,748 shares.

More notable recent PRA Group, Inc. (NASDAQ:PRAA) news were published by: Finance.Yahoo.com which released: “Is PRA Group, Inc.’s (NASDAQ:PRAA) High P/E Ratio A Problem For Investors? – Yahoo Finance” on August 11, 2019, also Nasdaq.com with their article: “Financial Sector Update for 03/01/2019: PRAA,CG,GSBD – Nasdaq” published on March 01, 2019, Finance.Yahoo.com published: “PRA Group’s (PRAA) Q2 Earnings Beat Estimates, Fall Y/Y – Yahoo Finance” on August 09, 2019. More interesting news about PRA Group, Inc. (NASDAQ:PRAA) were released by: Globenewswire.com and their article: “PRA Group Reports Fourth Quarter and Full Year 2017 Results – GlobeNewswire” published on February 27, 2018 as well as Fool.com‘s news article titled: “PRA Group Makes Big Bets on Debt Collection – Motley Fool” with publication date: February 28, 2019.

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

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