Genesee Valley Trust Co adds Pra Group Inc (PRAA) to its portfolio

Pra Group Inc (PRAA) : Genesee Valley Trust Co added new position in Pra Group Inc during the most recent quarter end. The investment management firm now holds 37,292 shares of Pra Group Inc which is valued at $1,042,684 , the company said in a statement filed on Jul 26, 2016 with the SEC.Pra Group Inc makes up approximately 0.68% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Umb Bank N Amo sold out all of its stake in PRAA during the most recent quarter. The investment firm sold 7,600 shares of PRAA which is valued $212,496.Msi Financial Services Inc boosted its stake in PRAA in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 523 shares of Pra Group Inc which is valued at $14,623.Eagle Asset Management Inc reduced its stake in PRAA by selling 41,333 shares or 23.18% in the most recent quarter. The Hedge Fund company now holds 136,988 shares of PRAA which is valued at $3,843,883. Pra Group Inc makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Arcadia Investment Management Corpmi reduced its stake in PRAA by selling 3,370 shares or 74.23% in the most recent quarter. The Hedge Fund company now holds 1,170 shares of PRAA which is valued at $32,456. Pra Group Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.

Pra Group Inc closed down -0.18 points or -0.64% at $27.86 with 3,98,916 shares getting traded on Friday. Post opening the session at $28, the shares hit an intraday low of $27.56 and an intraday high of $28.1 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Pra Group Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.93. The company had revenue of $224.88 million for the quarter, compared to analysts expectations of $236.03 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Pra Group Inc. Pra Group Inc was Downgraded by Raymond James to ” Outperform” on May 10, 2016.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Company’s primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

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